Forex Today: Stocks Fall Sharply on Virus Fears – 25 June 2020

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on June 25, 2020

Coronavirus “second wave” fears grow for U.S.

  • Stock markets are falling as several U.S. states report surge in new coronavirus cases after reopening, with some interstate quarantine regulations imposed.
  • Gold made a new 8-year high price yesterday at $1,779 per ounce.
  • Yesterday saw the second-highest daily tally of new confirmed coronavirus cases yet worldwide, following the WHO’s warning that the pandemic shows no sign of slowing and is moving into a potentially more dangerous phase.
  • In Forex, the U.S. Dollar is the strongest major currency, while the British Pound is the weakest right now.
  • Coronavirus deaths in Latin America and the Caribbean are 51% of the global daily total, well exceeding those in both the U.S.A. (12%) and Europe (approx. 11%) which shows that the epicenter of the pandemic is in South America.
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  • Total confirmed new coronavirus cases stand at over 9.4 million with an average case fatality rate of 5.12%.
  • The first human trials of a new coronavirus vaccine have begun in the U.K.
  • Brazil continues to see more daily deaths from coronavirus than any other country in the world.
  • The rate of new coronavirus infections appears to be increasing most quickly in Brazil, the U.S.A., India, Mexico, Colombia, Iraq, South Africa, the Philippines, Germany, and Israel.

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