US coronavirus deaths set single-day record increase of 2,371, totalling 30,817 – Reuters tally

Ross J Burland FXStreet

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.

Wall Street Close: COVID-19 impact on US economy has investors profit taking

Meanwhile, it was a risk-off day, and the dollar came out on top, taking over form the yen as a safer haven.

USD/JPY: Volatility higher and dollar follows suit, testing bear's commitments

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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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.

AUD/USD rises to 0.6950 as USD slips on Fed's Warsh

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