Dollar slowed down amid increased demand due to fears about the virus

US, WASHINGTON (ORDO NEWS) — The dollar slowed down, and the rise in risky currencies slowed down on Wednesday amid continued fears due to an increase in the number of cases of coronavirus infection and increased demand for the American currency in the face of nervousness in the market.

At the same time, sentiment improved after US Assistant President Donald Trump Eric Welland said senators and administration officials had agreed on an incentive package that was expected to be $ 2 trillion. Congress may vote on the bill as early as Wednesday.

The safe dollar, which sharply backed off from recent peaks the day before, dropped to 0.39 against $ 1.0816 to 8.59 Moscow time and was stable against the yen, trading at 111.25.

Relative to a basket of major currencies, the dollar dropped 0.23% to 101.44 after falling 0.6% on Tuesday.

Pound sterling rose 0.83% to $ 1.1854, while the Australian dollar strengthened 1.25% to $ 0.6029.

Spain on the eve of reported the most dramatic increase in the number of cases of infection with the virus. India, with a population of 1.3 billion, has been quarantined for three weeks.

The World Health Organization said on Tuesday it was seeing a “very large acceleration” in the spread of coronavirus in the United States, which could potentially become the new epicenter of the outbreak.

The New Zealand dollar added 0.75% to $ 0.5876, while the South Korean won also continued the rise that had begun in the previous session.

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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.

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