EUR/USD trades in the 1.1010 region, down for the day and after pricing 1.0997. The dollar strengthened on upbeat Consumer Confidence, and despite a better market mood. All eyes now on the Federal Reserve.
The dollar continues to advance against all of its major rivals, getting an additional boost from upbeat CB Consumer Confidence. GBP/USD trading around 1.2980. BOE to have a monetary policy meeting this Thursday.
Economics, supply factors and even the tensions in the middle east have been cast aside. The markets are taking the threat of a spread in the coronavirus as very real and imminent and that is weighing on global growth prospects and demand for the price of oil.