LONDON, May 4 — The US dollar surged against most major currencies today amid fears that last year’s US-China dispute will be re-ignited, this time over the novel coronavirus. US President Donald Trump and Secretary of State Mike Pompeo have pinned the blame for the pandemic on China, where the...
Banknotes of Euro, Hong Kong dollar, US dollar, Japanese yen, British pound and Chinese 100 yuan are seen in this picture illustration in Beijing January 21, 2016. — Reuters pic
The latest salvo came from Pompeo yesterday, who said there was “a significant amount of evidence” that the virus emerged from a laboratory in the central Chinese city of Wuhan. The euro was last down 0.4 per cent at US$1.0932 . Sterling was also down by 0.4 per cent to US$1.2442. Analysts were debating how the United States might attack China again — with more trade tariffs or even cancelling the payments on the US Treasurys that China owns — but they all agreed the dollar/yuan cross would see higher volatility.
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