The death toll from the Corona virus outbreak rose to 1,100, but the market remained calm and positive for another day. Jerome Powell, Fed chief, said that the bank is closely monitoring the developments of the virus. However, Powell also said he saw no reason for the expansion not to continue. His testimony will continue today.
The US dollar maintains most of its gains against the euro and the yen, while marginally decreasing against the pound. Gold is stable around the $ 1565 area.
The EUR / USD pair is hovering around the 1.09 region, after approaching a multi-year low on Tuesday. Repeated Christine Lagarde, head of the European Central Bank ECB, there is a need for a policy of normalization. It has been reported that the bank will refrain from including house prices in inflation accounts, which means lower rates for a longer period.
