Dollar Gains Against Yen and Franc As Investors Optimism Over Virus Grows – 6 February, 2020

Continues optimism over Chinas ability to contain the coronavirus helped boost the dollar for a second day against the yen and Swiss franc as investors looked to riskier investments. The Swiss franc experienced its largest percentage loss for a single day in over one month, while the Japanese yen had its steepest slip in six months against the dollar. The dollar was up 0.8% against the yen to 109.51 yen, and rose 0.4% against the Swiss franc to 0.9690 franc. The dollar index last stood 0.2% higher for the day at 97.952, while the euro fell 0.2% against the dollar to $1.1040. The offshore yuan made some gains against the dollar, with the dollar shedding 0.3% to 6.9935. The Australian dollar gained 0.6% to 0.6735, moving away from the 10 1/2 month October low of $0.6670 it hit earlier in the week.