Dollar Gains As Investors Hoard Cash – 17 March, 2020

Investors ran to the greenback helping the currency hold onto overnight gains against major currencies as fears over the growing spread of the coronavirus leave many uncertainties. The yen and pound barely managed to make some gains, with the yen last up 0.3% to 107.37 per dollar, and the pound up 0.5% to $1.2108. The euro was mostly steady at $1.1000, while the Aussie and kiwi dipped below $0.60. More investors and business owners are looking towards the greenback for longterm safety which has lead to a cash shortage.