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Back in April, the headlines were that the virus has now killed more than 40,000 people in the US.

Now, two months later, with a death toll of 129,000, we are informed by Reuters that US coronavirus cases have instead risen over 40,000 for the 5th time in the past 6 days.

The headline coincides with infectious-disease expert Anthony Fauci saying we could be seeing as much as 100,000 cases a day if the current trajectory of the outbreak is not changed.

His comments were made during an appearance before the Senate Health, Education, Labor, and Pensions Committee and came as the number of new cases in some Southern and Southwestern states have soared.

There is a focus on the dollar and US stock markets, both of which could be regarded as in a bubble on the verge of popping.

  • DXY: Bears looking to bearish wedge breakout, encouraged by COVID-19 second wave