G10 crosses were range-bound, traded in a.....>

FOREX: G10 crosses were range-bound, traded in a mixed manner. JPY topped the

pile despite a good showing from regional equity benchmarks. AUD shook off

earlier weakness as RBA Gov Lowe appeared to have lifted the bar for further

policy easing, mentioning risks associated with low interest rates. Early trade

saw the Aussie pressured as ANZ warned that local GDP will fall 0.1% in Q1 on

coronavirus/bushfires. Across the Tasman, NZD relinquished the modest gains it

registered on the back of a mixed Q4 labour mkt report. 

- USD/yuan crept back above the 7.0 mark as participants assessed the impact of

coronavirus. Local Caixin Services PMI missed exp. but remained in expansion.

- USD/Asia mostly traded higher. SGD tumbled as the MAS maintained its policy

outlook but signalled that there's room for easing. THB was heavy ahead of the

BoT MonPol decision, as analysts are split re: potential for a rate cut today.

TWD defied gravity & wiped out yesterday's losses vs. USD.

- Focus turns to global services PMIs, U.S. & Canadian trade data, U.S. ADP

employment, EZ retail sales as well as speeches from BoC's Wilkins, Fed's

Brainard, and ECB's Lagarde, de Guindos and Lane.