Spreading virus risks will weigh on a strengthening euro: Wells Fargo

The coronavirus will continue to hurt the U.S. economy, and resulting monetary policy can weigh on the dollar, says Erik Nelson, currency strategist at Wells Fargo. As the virus spreads across Europe, though, he notes the European Central Bank may also ease, making it hard to bet on the euro strengthening against the greenback.
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Thu, Mar 5 20207:53 PM EST