US coronavirus confirmed cases now tops 1,000, risk takes a fresh hit

Dhwani Mehta FXStreet

According to the latest statistics published by John Hopkins University, the real number of the confirmed coronavirus cases in the US has risen above 1,000.

This comes after reports from Politico, citing that “a looming shortage in lab materials is threatening to delay coronavirus test results and cause officials to undercount the number of Americans with the virus.“

Market reaction

The risk sentiment is witnessing a fresh hit on the above headlines, as USD/JPY prints fresh daily lows near 104.65 and the US benchmark 10-year Treasury yields are down 11%.

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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