G10 crosses have faded a sudden round of......>

FOREX: G10 crosses have faded a sudden round of broad-based risk-off flows seen

earlier; little to be found in the way of potential headline drivers. Aforesaid

moves are being unwound at typing, perhaps with the help of upbeat comments from

the Global Times re: coronavirus containment. The Aussie tops the pile, with JPY

bringing up the rear as risk appetite seems to pick up.

- USD/CNH hovered just above the key CNH7.0 mark before dipping through the

level as the local CPI inflation accelerated more than expected, to the fastest

pace since Oct 2009. Factory-gate inflation was marginally above projections.

- USD/KRW gapped higher at the open but has filled the gap since.

- TRY has firmed up as Turkey has attempted to stabilise the lira by tightening

limits on the amount of swaps & derivatives deals with foreign investors.

- Italian industrial output, Canadian housing starts & Norwegian CPI take focus

from here. Central bank speaker slate features a trio of Fed members: Bowman,

Daly & Harker.