Speaking at an event hosted by the Forum of Executive Women in Philadelphia late Wednesday, Federal Reserve Bank of Cleveland President Loretta Mester warned about the impact of the coronavirus outbreak while saying that the US economy is in a good spot. Key quotes: There’s no reason the expansion will die of old age. But business investment has been meek for a number of years due to uncertainty regarding trade. Coronavirus, now dubbed CORVID-19 by the World Health Organization, can present a risk to economic outlooks as the number of infected and death toll rise. We’ll have to let it play out a little bit longer to see what the impact will be globally in terms of reduced activity. It will probably have some damping effect on the global economy, but it’s really too hard to tell what the magnitude will be until we see more data on the prognosis of new cases. The overnight comments added to the corrective move lower in the US dollar across the board then, especially in light of the cautiously optimistic FOMC minutes. At the press time, the US dollar index challenges 33-month highs at 99.72, almost unchanged on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Criminals threaten Google AdSense users with Bitcoin ransomware FX Street 2 years Speaking at an event hosted by the Forum of Executive Women in Philadelphia late Wednesday, Federal Reserve Bank of Cleveland President Loretta Mester warned about the impact of the coronavirus outbreak while saying that the US economy is in a good spot. Key quotes: There’s no reason the expansion will die of old age. But business investment has been meek for a number of years due to uncertainty regarding trade. Coronavirus, now dubbed CORVID-19 by the World Health Organization, can present a risk to economic outlooks as the number of infected and death toll rise. We’ll have to let it play out a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.