The euro hovered near a seven-week low against the dollar on Friday after the Eu...
TOKYO - The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China’s coronavirus outbreak propped up the safe-haven yen.
Lagarde told a news conference that risks to growth in the euro zone remained tilted to the downside and traders took her overall tone as dovish. The World Health Organisation said on Thursday it was “a bit too early” to declare the new coronavirus a global health emergency, providing financial markets with some relief.
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