Dollar has no equal for investors sheltering from outbreak

The dollar’s appreciation is confounding the year-end consensus that overseas economies were set to strengthen and lure cash from the U.S.

NEW YORK: Currency traders seeking shelter as the spreading Covid-19 coronavirus roils financial markets just can’t get enough of the teflon dollar.

The greenback has gained versus some 30 major world currencies in the past month, coinciding with mounting concern over the outbreak’s economic impact. The yen and the Swiss franc, two traditional haven currencies, have proven no match.