U.S. dollar strengthens as traders see resilient US economy

From reuters.com

A stronger U.S. dollar dragged down the euro and the pound to their lowest levels in months as investors expected the U.S. economy to remain resilient to the spread of the coronavirus across the world, with payroll data from last week reinforcing traders’ optimism. Market participants were more positive about riskier currencies amid hints that the spread of the coronavirus could be slowing down and as some big businesses resumed work in China after the Lunar New Year break. The Australian dollar rose 0.3% to 0.6689 per U.S. dollar, pulling away from a decade-low touched earlier in the session. It has lost 4.5% this ... (full story)