|Day's Range||1.348 - 1.352|
|52 Week Range||1.2919 - 1.4667|
At 3:10 AM ET (0710 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.235, down 0.5%, with the loonie, Aussie and kiwi all rising over 1%. GBP/USD gained 0.7% to 1.2316 even as Prime Minister Boris Johnson was moved into intensive care overnight due to his worsening COVID-19 symptoms. In New York, the epicenter of the outbreak in the U.S., Governor Andrew Cuomo said Monday that the state’s death rate has been ‘effectively flat for the last two days.’
The Bank of Canada on Friday delivered an emergency rate cut, slashing its main rate by half a percentage point to 0.75%. The move follows a half-point cut at the bank's regular policy meeting on March 4. "It is clear that the spread of the coronavirus is having serious consequences for Canadian families, and for Canada's economy. In addition, lower prices for oil, even since our last scheduled rate decision on March 4, will weigh heavily on the economy, particularly in energy intensive regions," the central bank said, in a statement. The U.S. dollar was flat against the Canadian currency , trading at C$1.3930.
The U.S. dollar was flat Tuesday as traders weighed weaker-than-expected labor data against positive remarks from Federal Reserve Chairman Jerome Powell on the economy. "We’ll be watching this (coronavirus impact) carefully," Powell told lawmakers on the House Financial Services Committee. The Fed's current wait-and-see approach has continued to attract criticism, not least from President Donald Trump who continues to call on the central bank to cut rates.