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The Impact of the Coronavirus on USD/CNH
As the Chinese markets remain closed for the Lunar New Year Holiday, which was recently extended until February 2nd, the impact of the Coronavirus on China can be seen through the USD/CNH. With the spread of the virus throughout China, southeast Asia, and even across the world, many have questioned what the impact will be on the Chinese and world economy. For example, Germany’s Lufthansa says they will suspend flights to and from China until February 9th, Starbucks is closing half their stores and said the Coronavirus will have an impact on Q1 earnings, and Morgan Stanley says they are assuming the coronavirus will ... (full story)