China’s NHC: Recovered patients of coronavirus have not been found to be infectious

Dhwani Mehta FXStreet

Recovered patients of coronavirus have not been found to be infectious, said an official at China’s National Health Commission on Friday.

Earlier today, the Commission reported 327 new confirmed cases of coronavirus in Mainland China on Feb 27 vs. 433 on Feb 26. The NHC also reported 44 new coronavirus deaths on Feb 27. vs 29 on Feb.26.

Amid an improving situation in China, South Korea reported the outbreak outside the latter, as the virus spread across three continents now.

Key updates

Mexico's Health Ministry said that a man has tested positive for coronavirus in an initial test, but they're waiting for results from a 2nd test. If confirmed, it would be Mexico's 1st case and the 2nd in Latin America, per BNO Newsroom.

TASS reported Belarus Health Ministry, citing that the country reported the first case of new coronavirus.

Nigerian Health Minister Osagie Ehanire said in a statement on Twitter, "The case is an Italian citizen who works in Nigeria and returned from Milan, Italy to Lagos, Nigeria on the 25th of February 2020.

Mongolian President Battulga Khaltmaa and other government officials have been placed under quarantine after returning from China.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.