View full page at forexfactory.com

 

Yen rises, yuan falls after China's Hubei reports sharp rise in virus cases

From reuters.com

The yen rose from a three-week low against the dollar on Thursday after China’s Hubei province, the epicenter of a coronavirus outbreak, reported a sharp jump in the number of new cases in a jolt to markets and sparking a flight for safe-haven assets. The Chinese yuan slipped against the dollar in offshore trade, while stocks in Asia also faltered as the latest update on the spread of the virus provided a grim reminder to investors that the epidemic remains a potent threat to the global economic outlook. Hubei on Thursday reported 14,840 new cases as of Feb. 12, up from 1,638 new cases on Tuesday, with the number of ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis