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FOREX

Weekend news flow provided little impetus for the FX space, with participants assessing the latest coronavirus headlines and geopolitical risks. Some very light pressure hit the Kiwi as the RBNZ missed its LSAP target, after local quarterly retail sales roughly matched expectations and thus failed to inspire any price reaction.

  • KRW was offered as onshore markets re-opened in South Korea, after a top South Korean health official warned that the government considers raising restrictions to the highest level, as the nation is "at the verge of a massive nationwide outbreak" of Covid-19.
  • Calendar-wise, it is a particularly quiet start to the week, with headline and flow watching coming to the fore.

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