LONDON - China's yuan steadied on Friday while the Australian and New Zealand dollars weakened again as World Health Organization confidence in China's response to the new coronavirus was offset by concerns about the economic impact of the disease.
The WHO said late on Thursday that the coronavirus outbreak was a global emergency, but opposed travel restrictions and said China's actions so far would "reverse the tide" of its spread.
The WHO's assured tone was enough to pause a rush to safety that has for two weeks pounded stocks and hammered currencies and commodities exposed to China.
The yen and Swiss franc weakened slightly, suggesting a slightly better mood among investors on Friday.
China's offshore yuan rose marginally to 6.9801, some way off the 7.0038 low it hit on Thursday as investors fretted about the hit to the Chinese economy from the virus.