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In a tweet from the largest newspaper in China, People’s Daily, China, it is being reported that the COVID19 pneumonia (coronavirus) may turn into a chronic disease and exist in the world like influenza, Chinese experts warned, saying the virus could attack multiple organs, not only lungs.

Market implications

As reported in today’s Forex Today: Dollar rules, but corrective movements likely ahead of the weekend, “Risk-off led the way. Coronavirus concerns exacerbated by multiple companies warning on sales results and an increased number of cases in China’s neighbour countries.”