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All eyes are still on the Covid-19 epidemic...>

FOREX
FOREX: All eyes are still on the Covid-19 epidemic with the number of cases
confirmed in South Korea surging further to 156. G10 crosses trade in a
lacklustre manner & stick to fairly tight ranges. USD/JPY had a very brief look
under the Y112.00 mark, but has generally consolidated yesterday's gains. RBNZ
Gov Orr's remark that he's in no rush to cut rates bumped NZD/USD a handful of
pips higher, but the move was quickly faded.
- USD/CNH trades shy of neutral levels even as the PBoC fixed its USD/CNY
mid-point above expectations and at the highest level since Dec 12.
- USD/Asia trade in a mixed manner. KRW, THB & MYR printed fresh multi-month
lows vs. the greenback. IDR opened on a firmer note and has held gains since.
- Flash Eurozone, UK & U.S. PMI readings will be the highlight today, with EZ
CPI, U.S. existing home sales & Canadian retail sales also coming up. Speakers
are due from across the Fed, ECB, BoE and Riksbank.

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