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Virus concerns, lower oil prices drag currencies lower

Virus concerns, lower oil prices drag currencies lower

SASHANK NAYAR THE Russian rouble, South African rand and Mexican peso led losses across emerging market currencies on Monday, as a new fast-spreading coronavirus strain that shut down much of the United Kingdom roiled risky assets globally. Britain was shut off from much of Europe after its closest allies cut transport ties, following Prime Minister Boris Johnson's warning that a highly infectious new strain of the virus was a danger to the country. Currencies of oil exporters Russia and Mexico dropped nearly 2% against a steady U.S. dollar, as crude prices slumped more than 3% over worries of a slower…
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