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U.S. dollar rises amid COVID-19 concerns

Xinhua News,NEW YORK
2020-04-02 03:41

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The U.S. dollar strengthened in late trading on Wednesday as traders weighed potential impact of the coronavirus outbreak.

The dollar index, which measures the greenback against six major peers, rose 0.61 percent at 99.6708 in late trading.

In late New York trading, the euro was down to 1.0929 U.S. dollars from 1.1016 dollars in the previous session, and the British pound fell to 1.2372 dollars from 1.2434 dollars in the previous session. The Australian dollar fell to 0.6071 U.S. dollar from 0.6144 U.S. dollar.

The U.S. dollar bought 107.22 Japanese yen, lower than 107.68 Japanese yen of the previous session. The U.S. dollar increased to 0.9670 Swiss franc from 0.9636 Swiss franc, and it increased to 1.4219 Canadian dollars from 1.4090 Canadian dollars.

Fears of a potential virus-fueled economic recession boosted appetite for the greenback, the world's leading global reserves currency, experts noted.

As of Wednesday afternoon, nations and regions around the globe have reported more than 911,000 COVID-19 cases and 45,497 deaths, according to latest data from Johns Hopkins University.
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