China’s Pres. Xi: China has taken comprehensive measures for coronavirus outbreak
|China has taken comprehensive measures for coronavirus outbreak, said the country’s President Xi Jinping in a call with US President Trump on Friday, the China state TV reports.
Additional Comments
The long-term improving momentum of China’s economy won’t change.
China is fully confident and capable of defeating the outbreak.
Risk-off back in vogue
Earlier today, the country’s central bank’s official and the Vice Finance Minister also addressed the concerns regarding the rapidly spreading coronavirus and its negative economic impact across the globe.
Amid renewed coronavirus fears grappling the markets, the risk tone remains tepid in Asia, with the safe-havens in demand at the expense of the higher-yielding assets such as the equities and Treasury yields.
Meanwhile, USD/JPY stays pressured below 110.00 while the Aussie keeps losses near 0.6715 amid RBA’s GDP forecasts downgrade.
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