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DXY pulled back from a two-year high as.......>

FOREX
FOREX: DXY pulled back from a two-year high as California Governor ordered
ordered the state's residents to stay at home & the NYT reported that the White
Houses has asked state labour off'ls to delay the publication of precise jobless
claims data. Meanwhile, regional equity mkts took their cue from Wall St. &
posted gains, undercutting appetite for safe havens. JPY & CHF struggled, with
USD/JPY initially showing above Y111.00 mark before broader USD sales
intensified. Liquidity was thinned by a public holiday in Japan.
- Commodity-tied FX space was supported by firmer oil prices. AUD topped the G10
pile, pushed higher as the RBA offered to buy A$5bn of ACGBs in the first round
of its bond purchase scheme. BBG trader sources pointed to the unwinding of
Antipodean/USD shorts after the decision of the California Gov. GBP fared well,
snapped its eight-day losing streak vs. USD. Per the Telegraph, Cll'r Sunak will
unveil measures to help workers affected by the coronavirus outbreak today.
- USD/CNH slid towards CNH7.1000 after the weakest PBoC fix in 12 years &
announcement of an auction of CNH10bn 6-month bills in HK. 1-/5-Yr LPRs were
unexp. left unch. USD/KRW tumbled ~30 figures as risk enjoyed some reprieve.

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