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Coronavirus Fears Lift USD to Three-Year High as Trump Claims US is Ready to Tackle the Disease

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The US dollar index rose to a three-year high as investors move their money into the safe-haven greenback due to worries about the global coronavirus outbreak. Investors are favouring USD as it has less trade links with China than the other significant safe havens like JPY. Investments considered safe in times of market turmoil have been rallying since the outbreak became Wall Street’s number one worry in January. Cases continue to rise globally, with a new confirmed case springing up in California this week. The full financial and economic cost of the outbreak is incalculable and thus has led to mass panic in the markets. But the United States, as well as dollar-denominated assets, are considered to be somewhat shielded from the outbreak’s impact, as President Trump primes the nation for the onslaught of the virus.

USD favoured over other safe havens during COVID-19 panic

America’s economy is less reliant on trade and exports than its peers. That means the expected slowing of China’s economic growth in the first quarter will hurt the United States less than it will other countries. Investors have noted that USD is their preferred choice as other safe havens like the Swiss Franc and Japanese Yen have significantly more ties with China which will see their economies falter more so than the United States’.

Meanwhile, the US economy has been going strong and is in its longest expansion in history. The Atlanta Federal Reserve’s GDPNow model predicts that US growth will accelerate to 2.6% in Q1 2020. With a tight labour market and modestly rising wages, the American consumer, who is the backbone of the US economy, is in a good place as it stands.

President Trump prepares the US for the oncoming coronavirus threat

With the first coronavirus case confirmed in the United States, the US President Donald Trump spoke on the matter, noting that the United States is ‘very, very prepared’ to deal with the coronavirus. He also stated that Vice President Mike Pence would oversee the American response to the global threat. Trump mentioned that the spreading of the disease through the US isn’t inevitable. He said the US may restrict travel to Italy, South Korea and other countries as a result of the virus but deemed as the wrong time to do so.

With many currencies declining during the global crisis, the US dollar certainly appears to be one of the best performers, almost thriving under the conditions. USD investors will hope that the currency can see this through, and should the nation be faced with an outbreak, be able to manage it as confidently as President Trump describes.

For more pound and US dollar news, you can get in touch with me directly on
+44(0)1494 360 899 to discuss these factors in more detail, or ask a question using the form below.

The post Coronavirus Fears Lift USD to Three-Year High as Trump Claims US is Ready to Tackle the Disease appeared first on Pound Sterling Forecast.


Source: https://www.poundsterlingforecast.com/2020/02/coronavirus-fears-lift-usd-to-three-year-high-as-trump-claims-us-is-ready-to-tackle-the-disease/


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    • Anonymous

      Pick A Question – Big, Small, Simple, Complex – Any Question – During This And All Previous VIRUS FEAR PORN PROPAGANDA – The Answer Is Always Simple And Alway the Same …. ITS THE XYZ VIRUS (& It’s caronavirus turn)
      ……………………………………………………………………………………………………………………………………………………..

      Anyway some useful TRUTH INFO – By Way Of An Introduction – to HOW ALL THIS WORKS

      - THE TRUTH IS >>> The Caronavirus PlayBook Is Already Written.
      It’s just a repeat of the H1N1 Swine Flu (SARS, MERS, BIRD FLU, EBOLA) – Fake Propaganda Virus Playbook
      Just heading into – Chapter 2.

      e.g At The End Of 18 months of endless… Swine Flu – Fear Porn

      - The World Health Organaisation WHO declared the pandemic over the >>> 18 months had killed JUST ..18,500 people globally
      - averaging the figures of lab confirmed deaths – from the 210 countries that report to the W.H.O

      >>>> That averages out at LESS THAN 90 (as in Ninety) Swine Flu Deaths Per Country
      In Hindsight 18 months of fear porn fake propaganda headlines, >>> over an insignificant, irrelevant virus

      And – This Will Be A repeat.
      ……………………………………..

      Caronavirus Took 2 Months To Kill 2,400 (ie a TINY 40 Per Day)
      - of old, sick, frail, immuno-compromised and already on their last legs Chinese

      - Up to 95% of Infected – Have Symptoms – So Mild – They Won’t Even Notice
      - and in most countries – hasn’t even reached a THOUSAND infected

      Regular Annual Flu – Kills 88,000 …Chinese per year
      7 Million Chinese… Die Of All Causes Per Year
      -vs- Caronavirus – UNDER 3,000 !!!

      Read the facts – Engage Brain & Common Sense – It’s an insignificant irrelevance – the rest is Rinse & Repeat VIRAL FEAR PORN
      ………………………………………………………….

      Total Prepping Required – IF you are one of the …very few that do get infected
      - and NOT one of the 90/95% infected that exhibit >>> NO Symptoms
      Or Symptoms >>>> So MILD – You Would’t Even Notice Them …..
      - then

      It may be prudent to perhaps – buy a small box of paper hankerchiefs/tissues… & Voila …..FULLY PREPPED & Ready
      >>> READ ON
      …………………………………

      LETS GET INITIAL OFFICIAL GOVERNMENT CONFIRMATION (Fuller Details Lower Down on THE ACTUAL NUMBERS)

      ………….CANADIAN GOVERNMENT / HEALTH CANADA …………….

      QUOTE “coronaviruses are common …..and are typically associated ….with mild illnesses,
      similar to the common cold. (Unquote)

      QUOTE >>> Those who are infected with COVID-19 may >>>>have little to >>> NO symptoms.

      You may… NOT KNOW ……you have symptoms ….of COVID-19

      because they are similar to …. a COLD or flu. (UNQUOTE)

      https://www.canada.ca/en/public-health/services/diseases/2019-novel-coronavirus-infection/symptoms.html
      (& see Quotes At Bottom)
      …………………………………….…………….
      For the… very few …that do get infected noticeable symptoms, …. typical signs include

      - A RUNNY NOSE
      - A COUGH
      - A SORE THROAT / Fever (high temperature).

      The vast majority of patients – at least 97 per cent, ….. based on available data – will recover from these >>>> without any issues or medical help.

      https://www.dailymail.co.uk/health/article-7987001/Death-toll-killer-coronavirus-10-TIMES-higher-average-Chinas-Hubei-province.html

      ………………………………………………….

      Its such a happy clappy insignificant symptoms virus – its about as pleasant as you could make – thank you to God or Whoever – good job.

      Lest We Forget ….. Ooooh 53 Suspected Cases Out Of 300 MILLION Americans – That’s ‘erm, well – nicely .… very significantly LESS than a PI$$ In The Ocean too really ….isn’t it

      And Based On How Things Have Gone In CHINA So Far – It A case Of >>>>
      …………………………………………………………………………………………….

      MOVE ALONG FOLKS – NOTHING TO SEE HERE – ALL OVER – JUST MOVE ALONG – GET ON WITH YOUR LIVES

      CHINA
      Yes 2,400 Died Of Caronavirous in 2 months (60 Days) – An Average >>> Really VERY TINY >> 40 Deaths A Day

      - Seasonal Flu Kills An Average 88,000 Per Year (Caronavirus Has Managed 2,400)

      - 7 MILLION Chinese Die Per Year – Caronavirus Has Accounted For 2,400

      And Studies/Reports State whilst there are only 80,000 Confirmed Infections – There Will be 10X that number
      - YES 3/4 MILLION + with Symptoms SO MILD – they Won’t EVEN NOTICE THEM
      ………………………………………………………………………………………………………………………..

      So Move Along Folks – Everywhere Is Opening Up Again – Just Move Along Folks – It Was Just The Usual Fear PORN – Move Along …CONTINUED

      INTERNATIONAL NEWS CHANEL RT NEWS ….. Evidence ….. >>>> Propaganda Fatigue ….Setting In

      Already Macau CHINA , the world’s biggest gambling hub, …..will allow casinos to resume operations from…. February 20,

      …. after authorities imposed a two-week suspension to curb the coronavirus’ spread, authorities said on Monday,

      Macau has not reported >>> any new cases of the virus>>> since February 4, … officials said.

      There have been >>>> ONLY 10 confirmed cases of the virus – in total there.

      Government services, which had mostly been suspended since the start of February, ….. have gradually resumed operations this week.

      https://www.rt.com/newsline/481005-macau-casinos-virus-fear/

      So Move Along Folks – Move Along – Nothing To see Here – Get On With Life – It’s All Over Folks 2,400 deaths and new cases plummeting – Predominantly Sick, Elderly, Immunocompromised, & usual already on their last legs ….. out of 1.3 BILLION CHINESE
      ………………………………………………………………………………………………………………………..

      NB 10 February 2020 BLOOMBERG

      The new coronavirus might have infected….. at least 500,000 people in Wuhan, ….the Chinese city at the epicenter of the global outbreak, …..by the time it peaks in coming weeks.

      But…… most of those people…..>>>> won’t even know it.

      https://www.bloomberg.com/news/articles/2020-02-08/virus-outbreak-in-wuhan-may-soon-peak-with-more-than-5-infected
      …………………………………………….
      LOS ANGELES TIMES

      Thousands of people in China and elsewhere ….have been infected ….. but have had…

      >>>> such mild reactions that >>>> no one even noticed,

      - said Dr. Tom Inglesby, director of the Center for Health Security at the Johns Hopkins Bloomberg School of Public Health.

      https://www.latimes.com/science/story/2020-01-24/china-coronavirus-panic
      ……………………………………………………………………………………………..

      The UK’s BBC News COMMENTS – Re INFECTED – HAVING SUCH MILD REACTIONS >>> NO ONE NOTICED
      >>> FROM THE LARGEST STUDY TO DATE (The paper by the CCDC, released on Monday and published in the Chinese Journal of Epidemiology, looked at more than 44,000 confirmed cases of Covid-19 in China as of 11 February
      ………………………………….
      – So Known Infections Quoted In Study – 72,436 x 10 = 724,000 Who Will Have Had Symptoms – Too Mild – To Notice – YES >> ¾ Million
      …………………………………..
      QUOTE >>> Re The Known 72,436 infections
      - Scientists have estimated there could be …..10 times as many people infected ….. as are ending up in the official statistics.

      That ALSO means the….. overall death rate IN THE REST OF CHINA (Outside Hubei) is likely to be
      >>> lower than the 0.4% (rest of China) reported in this study (ie 10X LOWER – Making the death rate potentially ONLY 0.04)

      https://www.bbc.co.uk/news/world-asia-china-51540981
      ……………………………………………………………………..
      So Theres Proof Of Precedence – How This Caronavirus Runs

      So Ignore the PROPAGANDA FEAR PORN – ENGAGE BRAIN PUT COMMON SENSE IN GEAR & JUST PARTY ON !!

    • Rockledge

      How can anyone believe the flu is a real threat when our borders are still wide open.

      The government obviously doesn’t give a damn about the thousands who die of south american flu strains that sneak across our borders every year by the God only knows how many tens or hundreds of thousands, or maybe millions that thousands die from, but yet we are supposed to worry about a flu halfway across the planet?

      Do the math. If there was any real threat to us our borders would be locked down like the Berlin wall.

      I am not the least worried about a flu bug coming from China. I am, however, a bit concerned about all the diseases and vermin that can easily come into the country in the hoards who invade us.

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