All quiet on the FX front, with several.......>

FOREX: All quiet on the FX front, with several Asian markets already

shut/closing early due to the Lunar New Year holidays. Price action across the

G10 FX space has been very subdued, with participants assessing the most recent

updates on the coronavirus situation. 

- AUD/USD ticked lower initially, as local flash CBA PMIs weakened, but has

recouped losses since as Westpac joined the cohort of banks pushing back their

RBA cut calls after the release of better than exp. labour mkt data out of Oz.

- NZD/USD trades flat as the kiwi has held onto the gains it registered on the

back of better than expected NZ CPI data, published ahead of the open.

- We have more flash PMI readings coming up from across the globe later today,

with Canadian retail sales also due. A bunch of central bankers are in Davos,

with ECB's Lagarde, Villeroy and Knot, BoE's Haskel and BoJ's Kuroda.