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17 Mar 2020

Coronavirus update: UK cases rise to about 2000, New York reports 46% jump

According to the UK Health Ministry, the number of coronavirus cases rose to 1950 on Tuesday vs. Monday’s 1543.

Meanwhile, the number of cases in New York jumped about 46%, cases up from 943 to 1374 so far.

The New York State Governor Andrew Cuomo said that he expects the virus outbreak to peak in 45 days.

Market reaction

A turnaround in the risk sentiment alongside broad US dollar demand remain the key theme in Tuesday’s North American trading. Wall Street's main indices are up over 4.50%, with Dow being the main laggard. S&P 500 futures are up 3% while USD/JPY is at daily highs near 107.50.

Mar 17, 2020

Spanish Govt unveils massive coronavirus stimulus, up to 15% of GDP - EUR/USD off lows

Amid an unabated rise in the number of new coronavirus cases and deaths, the Spanish government finally announced a massive economic stimulus package
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Mar 17, 2020

USD/MXN price analysis: Mexican Peso erases part of daily losses vs. USD

The USD/MXN pair extended its rally and touched a fresh all-time high of 23.1764 on Tuesday before retreating modestly. As of writing, the pair was up
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