Yen gains, yuan and Aussie dollar slip as China virus fears return

Yen rises, yuan falls after China's Hubei reports sharp rise in virus cases

Both Australian and New Zealand have extensive trade ties with China, with trade in commodities, tourism and education especially vulnerable to disruption from the virus.

The World Health Organization has likened the epidemic’s threat to terrorism, underscoring the anxiety in financial markets about its impact across businesses and trade worldwide. Sentiment for the greenback has turned positive since data last week showed the U.S. labor market is improving.

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