China's onshore markets re-open after the.....>

FOREX: China's onshore markets re-open after the elongated LNY break, which

commenced on Jan 23 and was marked by the escalation in concerns over Wuhan

coronavirus. The PBoC set its central USD/CNY mid-point at CNY6.9249, above the

RTRS est. of CNY6.9195 but below BBG est. of CNY6.9371. USD/CNY rallied ~500

pips past CNY6.9900 as mainland trading has resumed, continues to fluctuate

around the CNY6.9 mark. However, USD/CNH operates in negative territory.

- Weekend press reports pointed to PM Johnson's plan to play hardball in trade

negotiations with the EU & threaten to walk away from talks if he finds terms of

a deal unsatisfying. As a result, GBP is the worst performer in the G10 basket.

- Elsewhere in G10, AUD tops the pile & JPY has been offered as CNH firms up.

- Broader Asian EMFX space has been pressured. USD/KRW showed at its best levels

in nearly four months. Bank Indonesia has conducted triple interventions to

guard the rupiah, with USD/IDR jumping above IDR13,700.

- A slew of m'fing PMI from across the world (including China's Caixin gauge &

U.S. ISM m'fing) take focus today. Central bank speaker slate features ECB's

Lagarde & de Guindos, as well as Fed's Bostic.