Dollar holds advantage as coronavirus fears weigh on markets – ZAWYA

Dollar holds advantage as coronavirus fears weigh on markets – ZAWYA

Dollar holds advantage as coronavirus fears weigh on markets | ZAWYA MENA Edition HomeMarketsCurrenciesArticleDollar holds advantage as coronavirus fears weigh on markets Against the euro, the dollar was quoted at $1.1278, also holding to a 0.3% gain from the previous session    A U.S. dollar banknote is pictured behind a protective mask, which is widely used as a preventive measure against the coronavirus (COVID-19), in this illustration taken March 17, TOKYO  - The dollar held onto gains on Wednesday as a resurgence of the coronavirus in the United States and the return of lockdowns in some countries boosted safe-haven demand for the U.S. currency.Risk sentiment was also undermined after Federal Reserve officials expressed concern that rising coronavirus cases could harm economic growth just as stimulus measures start to expire.The yuan fell slightly against the dollar, halting a two-day rally, after the Chinese central bank's daily midpoint for the currency was set at a weaker than expected level.Risk sentiment was also undermined after Federal Reserve officials expressed concern that rising coronavirus cases could harm economic growth just as stimulus measures start to expire.TOKYO  - The dollar held onto gains on Wednesday as a resurgence of the coronavirus in the United States