Reuters reports that the US coronavirus deaths set a single-day record increase of 2,371, totalling 30,817. Also, the CDC reported earlier a spike in new deaths of 2,330 to 24,582 – yesterday, the death toll stood at 22,252.
Meanwhile, it was a risk-off day, and the dollar came out on top, taking over form the yen as a safer haven.
We have seen a jump in the DXY today with the index travelling from a low of 98.82 to a high of 99.98, despite the poor US economic data. Additionally, fresh data from the BOJ highlights that Japanese investors have been very strong buyers of foreign debt in the month of February, especially US T-bills which likely underpins the US dollar for time to come just as the Japanese and world economy heads into recession.
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