FOREX-Aussie jumps higher on China virus drug reports; dollar firm [Reuters]
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Source: Reuters
FOREX-Aussie jumps higher on China virus drug reports; dollar firm * Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh By Saikat Chatterjee LONDON, Feb 5 (Reuters) - The Australian dollar hopped half a percent higher on Wednesday and the Norwegian crown advanced, as reports of medical breakthroughs in the fight against the new coronavirus boosted growth-linked currencies. Media reported that a Chinese university had found a drug to treat people with the virus, while researchers in Britain had made a “significant breakthrough” in finding a vaccine. While the Chinese report was a day old and the British report indicated the research trials were in early stages, traders used the headlines to load up on risky assets. “The fact that the risk assets are so supported today may indicate that investors are hungry for risk,” said Valentin Marinov, the London-based head of G10 FX Strategy at Credit Agricole. Against the greenback, the Aussie rose 0.5% at $0.6770 with some hawkish comments from
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