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As per the latest figures from China’s National Health Commission, total numbers of coronavirus cases make it the bigger epidemic than the SARS while marking 40,171 figure. It’s worth mentioning that the death toll reached 908 mark by the end of February 09.

Also read: Coronavirus cases in Hubei and Wuhan has continued climbing – Global Times

FX implications

Amid the present risk-off market conditions, such news from China weighs on the trade sentiment. With this, the US 10-year treasury yields extend their Friday’s declines to 1.56%, -1.3 basis points (bps), whereas S&P 500 Futures also decline 0.35% to 3,314 by the press time.