USD Falls from Four-month High

The dollar fell from a four-month high against the euro today after climbing for a week after the country’s chief medical advisor said that the outbreak of the Coronavirus in China could end by April even as deaths exceed a thousand.

Federal Reserve Chairman Jerome Powell assured Congress today that the US economy is in good shape but has pointed to the potential threat from the Coronavirus as well as growing concerns about the long-term strength of the economy.

Data released by the U.S. Department of Labor showed today that the job opportunities available in the United States declined for the second month in a row in December, to reach its lowest level in two years, while employment increased marginally, indicating that jobs do not continue to grow.