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17 Feb 2020

China’s NHC: Novel coronavirus is preventable and treatable

At a daily press conference on Monday, Guo Yanhong, a hospital administration supervisor at China’s National Health Commission (NHC) said that that novel coronavirus is preventable and treatable.

The percentage of infected patients in virus epicenter Wuhan who are critically ill had dropped to 18% now from 38% at the beginning of the outbreak, she added.

According to the World Health Organization (WHO), the virus has infected more than 71,000 people globally and killed 1,775, the majority in China.

Meanwhile, the Chinese authorities continue to step up support measures to combat the negative impact the virus outbreak is potentially having on both China’s and global economy.

Therefore, the risk sentiment remains balance starting out a new week, with USD/JPY holding firmer around 109.85 region, as S&P 500 futures advance 0.25%. The Aussie also benefits from the Chinese stimulus and trades near 0.6725, having hit daily highs at 0.6734.

Feb 17, 2020

USD/CNH still faces extra rangebound – UOB

USD/CNH is seen sticking to its current consolidative theme, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “USD traded between 6.9814 an
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Feb 17, 2020

China: Impact of the coronavirus is stark – Capital Economics

Neil Shearing, an economist at Capital Economics, counts the first evidence of the impact the coronavirus has caused in the Chinese economy which has
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