LONDON, Jan 30 — The rising death toll from a virus spreading in China sent investors scurrying to the shelter of the Japanese yen and the Swiss franc while China’s yuan tumbled to a one-month low. The Chinese yuan in the offshore market, widely considered as a barometer of risk sentiment...
South Korean won, Chinese yuan and Japanese yen notes are seen on US 100 dollar notes in this picture illustration December 15, 2015. — Reuters pic
Risk aversion also knocked the Aussie and the Kiwi dollar lower while the Japanese yen and the Swiss franc strengthened. “The US dollar and the yen have been the safe havens of choice as the virus spreads and we expect these safe havens will remain well supported in the next few weeks,” Colin Asher, a senior economist at Mizuho Bank in London, said.
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