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MYR

Political Uncertainty Undermines Ringgit

AUSSIE BONDS

ACGB Nov '32 Supply Easily Absorbed

KRW

Coronavirus Cases Jump

DOLLAR
DOLLAR: Its worth reminding that the next SOMA redemption day will take effect
tomorrow to the value of $17.4bn. This is where the Fed unwinds its balance
sheet and redeems the full amount paid for in bonds, normally resulting in USD
demand. Since the end of February, EURUSD has always been lower at CET1715 vs
CET0800, by an average of 0.27%.