Dollar resumes descent against safe-haven currencies as virus spreads By Reuters
The dollar continued its plummet against the place of refuge Japanese yen and the Swiss franc on Wednesday as financial specialists stressed over how much governments and national banks can do to restrict the monetary harm from the coronavirus pestilence.
The moves reflected falls in U.S. value fates and U.S. security yields in Asian exchange on Wednesday, as the spread of the infection in significant economies takes steps to brake business action and control shopper spending.
The dollar lost 0.8% to 104.67 yen , down in excess of a full yen from Tuesday's high of 105.915.
The dollar had tumbled to as low as 101.18 on Monday. While Japan may as of now be in downturn, its cash ordinarily ascends now and again of major budgetary market pressure on account of the nation's present record surplus and its net loan boss status.
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