Euro resumes losses on coronavirus fallout

Euro fell in European trade against dollar after a hiatus from losses yesterday, as coronavirus concerns deepen with grim corporate quarterly results starting to be released. 

EUR/USD declined 0.5% to 1.083, after closing up 0.9% yesterday, the first profit in seven days off two-week lows at 1.0768. 

Euro was bolstered yesterday by an apparent slowdown in virus spread, while European stocks gained ground for another session. 

The dollar index rose 0.4% on Wednesday after a transient dip yesterday on profit-taking off two-week highs. 

The dollar is back to its status as a safe haven in times of stress as quarterly results are released. 

Covid 19 has so far infected over 1.4 million people worldwide, killing over 81 thousand.