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As per Reuters tally of official government data, global coronavirus deaths reached 250,000 on Monday after recorded infections topped 3.5 million. Even so, the news suggests that the rate of fatalities has slowed.

Key quotes

North America and European countries accounted for most of the new deaths and cases reported in recent days, but numbers were rising from smaller bases in Latin America, Africa, and Russia.

Globally, there were 3,062 new deaths and 61,923 new cases over the past 24 hours, taking total cases to 3.58 million.

Global fatalities grew at a rate of 1-2% in recent days, down from 14% on March 21, according to the Reuters data.

FX implication

With the mixed signals inside the news, portrayed by a hike in death toll and declining mortality rate, markets may await further clues to act upon the update. However, this could weigh on the risk-tone and might exert a burden on the US stock futures during their early-Asian opening.