Denmark confirms first coronavirus infection, Iraq announces sixth case

Dhwani Mehta FXStreet

Denmark’s Health Ministry confirmed the first coronavirus infection on Thursday, as the virus outbreak rapidly spreads across the European continent. The man returned from a ski holiday in northern Italy and is now quarantined at home.

Meanwhile, Iraq has confirmed its sixth case of coronavirus, the health ministry said.

A young Iraqi man in Baghdad who had traveled from Iran was detected with the infection.

Russian news agencies TASS and Interfax reported on Thursday, Estonia has confirmed its first coronavirus case in a man who returned from Iran.

Market implications

With the virus outbreak spread over 42 countries, the market mood remains sour with investors scurrying for safe-havens and selling off higher-yielding assets.

Amid a slump in the US equity futures and Treasury yields, EUR/USD is struggling to extend the upside above the 1.09 handle while the yen continues to draw bids amid broad risk-aversion.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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