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Mainland China official coronavirus deaths have increased by 97 as of the end of February 22. Meanwhile, South China’s Guangdong Province has adjusted its emergency response level for the prevention and control of the coronavirus from a first-level to second-level. Five other provinces have recently lowered their levels.

FX implications

It is all eyes on the US dollar, AUD, yuan and the yen. The Aussie seems to have managed to take a breather but only in the face of profit-taking, and the same might be said elsewhere as the US dollar gives back some ground, letting out some air. More here: 

  • Chart Of The Week: USD/JPY moves in on familiar price acceptance area
  • What you need to know for the open: Coronavirus risk-off themes rule the waves
  • Coronavirus update: Italy cases surge from three on Friday morning to more than 130 by Sunday