FOREX-Dollar holds gains vs yen, virus risks dominate [Reuters]
CATHAY PAC AIRWAYS S/ADR (CPCAY)
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Source: Reuters
FOREX-Dollar holds gains vs yen, virus risks dominate * Yen nurses losses after worst session vs USD in 6 months * Yuan steady, virus news awaited * Mainland China death toll stands at 490 * Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E By Tom Westbrook SINGAPORE, Feb 5 (Reuters) - The dollar held gains against the yen on Wednesday amid a broad unwinding of safe-haven positions as China’s responses to the coronavirus outbreak supported investor confidence, even as deaths and new cases climbed. The coronavirus outbreak claimed its first life in Hong Kong on Tuesday, as the mainland China death toll rose by 65 to 490 and the number of cases rose to 24,324. Against the rising death toll, however, the World Health Organization said it remains possible to contain the virus’ spread. Some 99% of cases are in China, which has responded with drastic quarantine measures and the injection of 1.7 trillion yuan ($243 billion) into the financial system. Reuters reported on Wednesday that more
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