The Japanese yen held onto gains against the dollar on Friday as renewed worries...
TOKYO - The Japanese yen held onto gains against the dollar on Friday as renewed worries about the coronavirus outbreak supported demand for safe-haven currencies and weighed on prices of riskier assets.
The euro languished at multi-year lows versus the dollar and the Swiss franc as investors grow more pessimistic about the outlook in the euro zone before the release of gross domestic product data later on Friday. Uncertainty about the scale of epidemic is likely to discourage investors from taking on excessive risk until there is sufficient evidence that its spread has slowed.
Hubei officials on Friday reported 4,823 new cases and 116 new deaths as of Feb. 13, but investors were still reeling after Hubei reported 14,840 new cases and a record daily increase in deaths on Thursday, using new diagnostic methods to reclassify a backlog of cases.
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