Coronavirus update: Receding pace of confirmed cases/deaths from Hubei
|As per the latest official readings from coronavirus epicenter Hubei, there are new 1.807 infected cases as well as 93 deaths on February 17. The readings suggest that the confirmed cases registered 3.1% advance from the previous day versus 3.4% prior whereas the rise in the death toll also receded from yesterday's 6.3% to 5.5%, as cited by LiveSquawk.
FX implications
Despite the gradual decline in the pace of confirmed/death cases, the market’s risk barometers, namely the AUD/USD and USD/JPY, failed to portray any recovery as the US equity futures keep the negative tone. The reason could be traced from expectations, backed by comments from Chinese experts studying the virus, that the deadly contagion will prevail till April.
Read: Coronavirus peaking? How will it impact the Chinese & wider economies and FX?
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.