XE Market Analysis: North America – Feb 24, 2020

The dollar, yen and Swiss franc have outperformed amid a backdrop of tumbling stock markets, with risk aversion picking up on news of a continued rise in coronavirus infections outside China, particularly in South Korea, the Mideast and in Italy. Many countries in the Mideast have imposed travel restrictions, while the rise in infections in Italy raised the spectre of the virus gaining a foothold in Europe. Italy now has the second highest confirmed cases of COVID-19 infections outside China, second to South Korea and overtaking Hong Kong and Singapore.

Source: XE news feed
XE Market Analysis: North America – Feb 24, 2020