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Caution Spills Into Asia

FOREX

A degree of risk aversion has carried over into the Asia-Pac session, putting the Antipodeans on the defensive from the off. AUD underperforms in G10 FX space, even as the most recent speech from RBA Gov Lowe had little to offer in the way of fresh insights. JPY sits atop the pile, drawing continued support from the cautious feel.

  • USD/CNH has ticked away from a new cycle low printed this morning, in the wake of yesterday's slide. USD/KRW continues to hover just above its worst levels in months, struggling to extend losses.
  • Focus turns to inflation data from the UK, EZ and Canada, U.S. housing starts & building permits, as well as comments from Fed's Williams, Bullard and Kaplan, BoE's Bailey & Haldane, ECB's Enria & BoC's Wilkins.

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