See the latest Australian dollar analysis here:
Markets have just caught a cold as Bloomie updated the latest propaganda from China on coronavirus:
The outbreak of a virus originating in central China entered a new phase of severity as multiple medical workers were reported to have been infected and the death count grew to four people.
The spread to medical workers indicates that the illness is more easily transmitted than previously thought, bringing it to a higher risk level reminiscent of the SARS pandemic 17 years ago that killed 800 people.
It could be the bubonic plague and the CCP would hide it. Watch results in other nations.
The Australian dollar has swooned:
Stocks have taken ill:
And bonds are bid to new 2020 highs:
It’s not clear how bad this could get but it is clear that it could be bad.