27/02/2020
The dollar rose 0.1 percent to 99.04 today after hitting a two-week low yesterday, after investor bets to cut rates to support growth with the rapid spread of the Coronavirus in Europe and the Middle East.
However, sentiment in the market, in general, remained cautious with the rise of an index that measures the fluctuations of the euro against the dollar to the highest level in four and a half months, while currencies linked to commodities such as the Australian and New Zealand dollars came under selling pressure again. The two fell about half a percent against their American counterpart, according to "Reuters".
But Richard Clarida, the council's deputy chairman, said on Tuesday that while the central bank monitors the impact of the virus on the US economy, it is too early to judge if it is necessary to change monetary policy.
