The dollar was on the defensive on Wednesday as rising expectations of a U.S. rate cut and warning from U.S. health officials on a domestic coronavirus outbreak called into question the perceived relative strength of U.S. financial assets. The dollar’s index against a basket of six major currencies =USD fell to 98.980, having lost 0.9% since it peaked at a near three-year high of 99.915 last week. Against the yen, the U.S. currency traded at 110.25 yen JPY=, about two full yen below its 10-month high touched last Thursday, after three straight days of losses. The euro fetched $1.08815 EUR=, extending its rebound ... (full story)