Mainland China's total number of coronavirus deaths reaches 2,788 as of end-Feb 27

Ross J Burland FXStreet

Mainland China's total number of coronavirus deaths reaches 2,788 as of end-Feb 27.

Key notes

Mainland China reports 327 new confirmed cases of coronavirus on Feb 27 vs 433 on Feb 26. Reports 44 new coronavirus deaths on Feb 27 vs 29 on Feb.
China's Hubei province, the epicentre of coronavirus outbreak, reports 318 new cases on Feb 27 vs 409 on Feb 26.
China's Hubei province, epicentre of coronavirus outbreak, reports 41 new deaths on Feb 27 vs 26 on Feb 26.
Death toll from coronavirus outbreak in China's Hubei at 2,682 as of end-Feb 27.

FX implications

It was another blood bath on Wall Street overnight and markets remain in risk-off mode, with the US yields falling to their lowest on record and US benchmarks officially in correction territories. The coronavirus updates have been impacting the yen, AUD, yuan, oil, gold. The yen is traditionally the go-to currency in the FX apace at times of risk-off. For full USD/JPY analysis, see the topic page, here. For gold, and oil.

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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