Asian session review: the US dollar traded steadily against the euro, but declined against the yen

During today's Asian trading, the US dollar has changed slightly against the euro and declined against the yen amid growing demand for safe haven assets due to increased worries about the spread of a new coronavirus.

The ICE Dollar index, which shows the value of the US dollar against six major world currencies, fell by 0.08%.

In the Chinese province of Hubei, the epicenter of the spread of a new type of coronavirus, 242 cases of death from pneumonia caused by the infection were registered over the past day, and 14,840 new cases of infection, local medical authorities said.

In the administrative center of the province, the city of Wuhan, where the coronavirus began spreading in December last year, 216 people died, and 13,436 new patients were identified.

The data for the past day is very different from the data as of last Tuesday. On Tuesday, 94 people died in the province as a result of infection with the coronavirus, and the number of newly infected people was 1,638.

The provincial health Committee explains the sharp jump in the number of new cases and deaths with a new method of diagnosis.

The US Federal reserve will monitor economic data to assess the impact of the coronavirus, Federal reserve Chairman Jerome Powell said during a hearing before the Senate banking Committee on Wednesday. However, he expects that the impact of the disease will affect the statistical data in the near future.

Speaking to the House financial services Committee a day earlier, Powell said the spread of the coronavirus would have consequences for the Chinese economy in the first quarter of 2020 and possibly for the American economy. According to him, it is too early to draw conclusions about whether the epidemic will lead to sustainable and significant changes in the US economy.