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Here is what you need to know on Tuesday, January 22nd:
A virus outbreak in China that can be spread between humans spurred risk aversion. China canceled the Lunar New Year´s celebrations to prevent a worldwide outbreak of the coronavirus, although there are reports that the virus has already crossed borders.
The EUR/USD pair flirted with 1.1120 on an upbeat ZEW Survey, but closed the day unchanged just below 1.1100, as the greenback recovered with Wall Street’s late slump.
GBP/USD peaked at 1.3081 after a generally better-than-anticipated UK employment report, ending the day around 1.3050 amid the dollar’s recovery in the final trading session of the day.
JPY appreciated amid risk-aversion and a mildly optimistic Kuroda.
The Australian dollar remains among the weakest currencies across the board, weighed by the negative sentiment.
European and American indexes closed in the red. Wall Street plummeted on rumors the coronavirus reached the US.
Commodities seesawed between gains and losses but finished the day with modest losses and without relevant changes.
Crypto Today: Bitcoin breaking out of big bearish pennant
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