Dollar edges up, stock markets idle and oil falls on US-China coronavirus spat
Safe-haven currency rallies to one-week highs against the risk-sensitive Australian and New Zealand dollars
04 May 2020 - 07:50
Singapore — The dollar inched higher, stock markets struggled for traction and oil fell on Monday as a US-China spat over the origin of the coronavirus put the brakes on optimism about an economic restart as countries worldwide ease restrictions.
In reduced trade, with China and Japan on holiday, US stock futures fell 1.7% and US crude tumbled 7%. The safe-haven US dollar rallied to one-week highs against the risk sensitive Australian and New Zealand dollars...
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