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The U.S. currency rebounded against a basket of currencies on Wednesday. The dollar index rose by 0.24% at 97.365. The currency hit an eight-week low after the U.S. Federal Reserve
The U.S. dollar declined on Wednesday, hovering near a five-month low against the Japanese yen. The currency tumbled down after the U.S. Federal Reserve’s emergency 50 basis point rate cut
The euro and other major currencies rallied against the dollar after U.S. authorities confirmed the first case of the coronavirus with a citizen who hadn’t the exposure to the infection.
Traders moved on the risk-off tactic and are buying safe-haven currencies as the coronavirus is spreading worldwide. The stock markets went into turmoil after the infection broke out in Europe,
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