TOKYO, Feb 3 — China’s yuan and its proxy, the Australian dollar, were poised for vulnerable day of trade today in favour of safe-harbour currencies, in reaction to authorities’ drastic steps worldwide to curb the spread of a new virus which originated in China. Immediate focus was on how...
Still, uncertainty created by the epidemic is keeping investors cautious, helping support safe-harbour currencies. — Reuters pic
Overseas, Australia, Singapore and the United States are among countries to have ramped up border controls, banning entry by foreign nationals who have recently visited China. “Given the current fragile sentiment, I would not be surprised to see the Australian dollar slipping below its previous 10-year low,” said senior strategist Yukio Ishizuki at Daiwa Securities.
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