Aussie dollar sinks to four-month low as volatile Wall Street slips amid coronavirus fears
AUD: 67.2 US cents, 51.32 British pence, 60.9 Euro cents, 73.2 Japanese yen, $NZ1.035Europe: FTSE 100 -1.4pc at 7,382, DAX -1.4pc at 13,157, CAC -1.4pc at 5,872, Euro Stoxx 50 -1.2pc at 3,691By 7:55am , ASX futures were up 34 points or 0.5 per cent.
The Dow Jones closed 125 points higher — a significant recovery considering the industrial-skewed index had fallen by as much as 244 points earlier in the session. This was despite the release of official figures showing that the US economy missed the Trump administration's goal of 3 per cent growth for the second year in a row.
Brent crude dropped 1.7 per cent to $US58.78 per barrel on concerns that the coronavirus will lead to slower demand for oil from China.
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