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Coronavirus update: Death toll tops 1000

With the latest figures from China’s Health Commission crossing wires, it gets confirmed that the coronavirus has already claimed more than 1,000 lives by the end of February 10.

The statistics mention that the death toll has risen to 1,011 with the epicenter Hubei adding 2,097 confirmed cases. It’s worth mentioning that there have been 103 deaths on Monday due to the fatal epidemic.

FX implications

With the contagion being in the spotlight for having a negative impact on the market’s risk-tone, news of any further spread weighs on the trade sentiment. With this, S&P 500 Futures stay sluggish around 3,350 whereas markets in Japan will be closed for trading on Tuesday and hence could placate risk-off.

NZD/USD: Bears the burden of China-led pessimism near 0.6385 with eyes on RBNZ

NZD/USD remains under pressure around 0.6384 during the early Asian session on Tuesday. The kiwi pair seesaws around three-month low, flashed Monday,
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GBP/JPY Price Analysis: On the back foot inside falling triangle

GBP/JPY stays a little weak while taking rounds to 141.75 during the early Asian session on Tuesday. The pair forms a descending triangle while observ
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