The US dollar is recovering against currencies today as the Chinese virus crisis worsened, which increased the demand for safe haven currencies yesterday.
US dollar index futures rose 0.1% to 97.81, and this was followed by a strong rise in commodity-linked currencies despite a reduction in demand for basic metals
The euro-dollar pair is under negative pressure due to global growth concerns and the strength of the dollar
On FX Street: "The pair remains under pressure, despite moving away from the decline recorded from the beginning of the year to the day at the psychological level of 1.10." Add: "For the time being, dollar movements remain an exception factor for the husband, and with it shifts the appetite for risk generated by the developments of the Corona virus in China."
All eyes are now on the Federal Reserve, which begins its two-day meetings coinciding with the release of the US data
Indeed, the pound fell today, as was clear yesterday from the selling pressures on the currency, amid concern that Britain would reach a trade agreement with the European Union before the end of the transitional period at the end of the year, and that was both sterling / dollars - and sterling / euros at 0.2% decrease. together
