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AUD was well bid and NZD appreciated in.......>

FOREX
FOREX: AUD was well bid and NZD appreciated in tandem in reaction to the news
that Queensland and Western Australia will be relaxing lockdown measures. Across
the ditch, New Zealand will lower its alert level to 3 at midnight. Optimism
about the trajectory of the coronavirus outbreak in the Antipodes supported
local currencies amid thinner liquidity, as New Zealand and some Australian
states observed a public holiday, while also improving the broader mood. AUD/USD
rallied past $0.6400 and penetrated the key $0.6445 resistance.
- JPY popped higher after the BoJ left its policy rate & 10-Year JGB yield
target unchanged, but strengthened monetary easing by scrapping the limit on its
JGB purchases & tweaking forward guidance. Safe haven peers USD and CHF remained
fragile, as all three were limited by the risk-on feel.
- Softer oil prices applied some pressure to NOK, although CAD held up well.
- KRW outperformed in the Asian EM basket amid a stabilising situation on the
local coronavirus front, even as the weekend saw continued chatter surrounding
the health of North Korea's Supreme Leader.
- Today's data docket is very light and features Dallas Fed M'fing Activity.

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