Top US health official estimates 10 undiagnosed coronavirus cases for each confirmed one – Washington Post

Anil Panchal FXStreet

Washington Post quotes the head of the Centers for Disease Control and Prevention (CDC) Robert Redfield to strike the fears of undiagonised coronavirus (COVID-19) cases.

Key quotes

Our best estimate right now is that for every case that’s reported, there actually are 10 other infections.

Redfield estimated that 92 to 95 percent of the U.S. population is still susceptible to the virus.

FX implications

The news could weigh on the market’s risk-tone and also harm the US dollar during the Asian session. Though, the AUD/USD pair remains largely unaffected as it takes rounds to 0.6890/85 by the press time of the early Asian session on Friday.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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