China’s NHC reports 394 new confirmed cases of coronavirus, 114 new deaths

Dhwani Mehta FXStreet

According to the latest report published by China’s National Health Commission (NHC) on Thursday, 394 new confirmed cases of coronavirus were reported on the mainland on Feb 19 vs. 1,749 on Feb 18.

Additional details:

China reports 114 new coronavirus deaths on the mainland on Feb 19 vs 136 on Feb 18.

China's total number of confirmed coronavirus cases on mainland hits 74,576 as of end-Feb 19.

China's total number of coronavirus deaths on mainland reaches 2,118 as of end-Feb 19.

Hubei province, the epicenter of the outbreak, lowered its coronavirus case toll by removing clinically diagnosed patients with negative RNA test results.

Hubei reported 108 new deaths, while in the provincial capital of Wuhan, 88 people died.

Amid the Chinese rate cut announcement and a decline in new coronavirus cases in China, the yuan is extending the declines, dragging the Antipodeans lower alongside.

The AUD/USD pair prints a new 11-year low below 0.6650 while NZD/USD sits at a fresh three-month low of 0.6356. Meanwhile, USD/JPY holds steady around 111.30, divided between coronavirus optimism, firmer Asian stocks and cautiously optimistic FOMC minutes.

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.

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