We can expect risk sentiment over the Covid19 situation to increase this upcoming week as the previous weekend recorded an all high time increase. WHO had confirmed a total of 230,370 new cases in the span of 24 hours. The 4 top countries with the highest number of rises are the big US of A, Brazil, India and South Africa. US recorded more than 66,500 new cases in the past 24 hours. This will play into the markets for sure and increase appetite for safe haven currencies.
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