The index is losing some of the strong growth that was recently released and returns to 99.80
at the end of the week, after new yearly highs on Thursday just below psychological mark 100.00.
At the same time, fears of the Chinese Coronavirus appeared again on Thursday, which puts the yield in dollars under additional downward pressure and keeps the dollar bid at the top of the multi-month range.
The proposed shift of the dollar also follows a sharp jump in the USD/JPY after speculation that the Japanese economy may slide into recession (in the short term), triggering a sharp sell-off of the currency to a fresh 10-month low vs. the U.S. dollar.