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13.02.202011:16 Forex Analysis & Reviews: Trader's Diary: EURUSD on 02/13/2020, Chinese authorities report revised coronavirus data

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Exchange Rates 13.02.2020 analysis

Chinese authorities said that local officials in Hubei and Yuhan significantly miscalculated the number of patients from the coronavirus outbreak, including the ones who died.

On a new data that was released, the number of cases increased by 15 thousand up to 60 thousand with the number of deaths amounting to 240 up to 1300.

This caused the oust of the main two officials ,who are both members of the ruling party.

This returned the virus to its main theme in the markets. Analysts' cards are confused as everyone believed that the virus was subsiding, it turns out that the data was falsified.

This news is again in favor of the dollar.

EURUSD:

We keep sales from 1.0990.

We are waiting for data on inflation in the USA at 13:30 UTC.

Jozef Kovach
Analytical expert of InstaForex
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