The New York State Governor Andrew Cuomo said on Thursday, the number of confirmed coronavirus cases in New York has doubled to 22 after the state increased the testing. Cuomo said: “The number will continue to go up. The more you test the higher number you will have.” Meanwhile, Tennessee became the 14th U.S. state to report a case of the fast-spreading illness. US dollar index remains heavy The rising number of cases has alarmed the US authorities while markets price in another Fed rate cut this month, as this week’s 50bps emergency rate cut seems to be ineffective. Amid this coronavirus chaos, the greenback remains broadly offered, tracking the steep declines in the US Treasury yields. At the press time, the USD index is down 0.50% to 96.85, having renewed a two-month low at 96.72 while US 10-year Treasury yields are down about 7% at 0.926, slightly off the record low. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BOC’s Poloz: BOC was leaning towards cutting rates even without virus FX Street 2 years The New York State Governor Andrew Cuomo said on Thursday, the number of confirmed coronavirus cases in New York has doubled to 22 after the state increased the testing. Cuomo said: “The number will continue to go up. The more you test the higher number you will have.” Meanwhile, Tennessee became the 14th U.S. state to report a case of the fast-spreading illness. US dollar index remains heavy The rising number of cases has alarmed the US authorities while markets price in another Fed rate cut this month, as this week’s 50bps emergency rate cut seems to be ineffective. Amid this coronavirus… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
