China reports 139 additional coronavirus cases March 4

Ross J Burland FXStreet

Mainland China had 139 new confirmed cases of coronavirus infections on Wednesday, the country's National Health Commission said on Thursday, up from 119 cases a day earlier taking the total accumulated number of confirmed cases in mainland China so far to 80,409.

Meanwhile, the death toll from the outbreak in mainland China had reached 3,012 as of the end of Wednesday, up by 31 from the previous day. With a focus on the epicentre of the outbreak, the central province of Hubei accounted for all of the new deaths. In the provincial capital of Wuhan, 23 people died.

Key numbers

Mainland China reports 139 new confirmed cases of coronavirus on march 4 vs 119 on March 3.
Mainland China reports 31 new coronavirus deaths on march 4 vs 38 on March 3.
Mainland China's total number of confirmed coronavirus cases hits 80,409 as of end-March 4.
Mainland China's total number of coronavirus deaths reaches 3,012 as of end-march 4.
China's Hubei province, the epicentre of coronavirus outbreak, reports 134 new cases on march 4 vs 115 on March 3.
China's Hubei province, the epicentre of coronavirus outbreak, reports 31 new deaths on march 4 vs 37 on March 3.
Death toll from coronavirus outbreak in china's Hubei at 2,902 as of end-March 4.

FX implications

A firm eye is being kept on the Chinese numbers, in decline overall, albeit gradually, for an indication as to when we could expect this all to pass. FX is bracing for a pandemic, hence the yen is robust, despite prospects of a recession in Japan. More on that here: USD/JPY stabilizing with the case made for a POC and 61.8% Fibo target between 110.08/17

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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