AUD popped higher in reaction to a beat in....>

FOREX: AUD popped higher in reaction to a beat in domestic unemployment rate,

but then took a nosedive as the focus turned to breakdown figures. The reading

was boosted by an unprecedented plunge in participation, as employment shrank

more than forecast. NZD clung to the coat-tails of its Antipodean cousin on both

swings, but recovered thereafter, leaving AUD at the bottom of the G10 pile. JPY

outperformed in the basket as regional equity benchmarks declined on a negative

lead from Wall Street & PBoC inaction re: MLF. Concerns over Sino-U.S. tensions

and the coronavirus situation did little to help sentiment.

- Wider defensive feel pushed USD/Asia higher. IDR led losses after Indonesia

reported a record increase in domestic coronavirus cases yesterday. USD/CNH

slipped a tad, while USD/CNY ticked higher testing CNY7.1000 to the topside.

- Coming up today we have U.S. initial jobless claims, German CPI, ECB Economic

Bulletin & BoC FSR. Speaker slate features BoE's Bailey, BoC's Poloz, ECB's de

Guindos and Fed's Kashkari, Bostic & Kaplan.