New Zealand confirms first coronavirus case, Kiwi slumps over 1%
|According to RNZ News, New Zealand’s (NZ) health authorities confirmed the first case of coronavirus.
The NZ Ministry noted that the coronavirus patient is in isolation adding that the chances of a community outbreak are low.
Meanwhile, Thailand confirmed one more novel coronavirus cases, taking the country’s total count to 41.
Elsewhere, Japanese Finance Minister Aso said the government is considering financial support for families after they asked schools to close for most of March.
Earlier today, PM Abe pledged the government’s commitment to take steps if needed to counter negative impact of coronavirus outbreak.
US President Trump also came out on the wires, via Twitter, offering some upbeat remarks on the virus spread.
Trump tweeted: “Congratulations and thank you to our great Vice President & all of the many professionals doing such a fine job at CDC & all other agencies on the Coronavirus situation. Only a very small number in U.S., & China numbers look to be going down. All countries working well together!”
Market reaction
Markets continue to fret over the coronavirus negative economic impact, as USD/JPY remains in a three-week low near 108.90 while the Asian stocks and Treasury yields slump.
The Kiwi is down over 1% and trades at the lowest levels in four months at 0.6240, with eyes set on the 0.6200 level.
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