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G10 crosses traded in a mixed manner, as......>

FOREX
FOREX: G10 crosses traded in a mixed manner, as participants assessed the Wuhan
coronavirus situation (risk negative) and reassuring Chinese official PMIs (risk
positive). An inline reading of m'fing PMI was coupled with a surprising uptick
in the non-m'fing gauge. Chinese NBS highlighted that the survey was taken
before Jan 20, that is pre-LNY holidays and before coronavirus worry escalated.
- An uptick in oil prices lent a modicum of support to oil-tied FX.
- JPY was uninspired by a slew of local data, which painted a mixed picture.
- USD/CNH slipped into negative territory in reaction to Chinese PMIs and is
heading for the London session sitting south of neutral levels. Strong South
Korean industrial output data helped USD/KRW move away from its fresh seven-week
high printed at the open, but the rate rebounded thereafter.
- U.S. personal income/spending data, U. of Mich. Survey & MNI Chicago PMI,
Norwegian unemployment, as well as Canadian, French, Italian & EZ GDPs are the
remaining data highlights. ECB's Panetta, Schnabel & Mersch will speak.

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