The euro fell lower on Wednesday following reports that the French government would implement a nationwide lockdown to curb the spread of coronavirus.
French President Emmanuel Macron is said to be announcing to the country on the matter on Wednesday.
Dutch Prime Minister Mark Rutte said it was too early to decide whether more measures were needed to address the issue, adding that nationwide closures were being considered.
Meanwhile, the World Health Organization (WHO), says that Europe is now a 'new center', as most countries report daily record cases, exceeding the figures reported in March and April.
The greenback dollar regained its strength against most other major currencies at the start of the Asian session after declining in the previous session with the dollar index trading up 0.1% to 93.14.
Investors are now preparing for more volatile trading in the currency market following the coronavirus epidemic once again spreading rapidly in Europe, the UK and the United States which is certainly threatening economic growth.
In addition, next week's US presidential election will also affect market instability.
