Asian currencies arrested their slide on Friday as confidence from the World Hea...
SINGAPORE - Asian currencies arrested their slide on Friday as confidence from the World Health Organization in China’s response to a new virus and upbeat data from the world’s second biggest economy tempered worries over a jump in new infections.The WHO said late Thursday the outbreak was a global emergency, but China’s response so far will “reverse the tide” of the virus’ spread.
The death toll in China has now reached 213 and the number of cases is 9,692 - up from 7,711 a day ago. The Aussie is 4.1% weaker this month and, if the selldown does not reverse, is headed for its worst month since May 2016.
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