Virus-driven risk-off move lifts yen versus dollar [CNBC]
State Street Corporation (STT)
Last state street corporation earnings: 4/17 07:38 am
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Source: CNBC
Japanese 10,000 yen and U.S. 100 dollar banknotes are arranged for a photograph in Tokyo, Japan, on Sept. 7, 2017. Tomohiro Ohsumi | Bloomberg | Getty Images The Japanese yen rose versus the on Monday in a risk-off move spurred by the rise in coronavirus cases. The safe-haven yen was last up 0.73% at 110.74 per dollar, having strengthened to 110.34 earlier in the day. dollar index With coronavirus cases rising in Italy and several Middle Eastern countries dealing with their first infections, fears of a global pandemic sent markets into a tailspin, even as China eased curbs with no new cases reported in Beijing and other cities. U.S. stocks fell sharply, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq all off by nearly 3%. Wall Street's fear gauge, the CBOE Volatility Index, jumped to a six-month high. European equities markets suffered their biggest slump since mid-2016, gold soared to a seven-year high and oil tumbled nearly 5%. "Ultimately this is all a risk-off t
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