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News flow remains replete with coronavirus....>

FOREX
FOREX: News flow remains replete with coronavirus stories, but there is no sign
of risk aversion in G10 FX space. On the contrary, safe haven JPY & CHF are the
worst performers in the basket. Participants may have found it reassuring that
daily increase in new cases reported by China has slowed, while the number of
recoveries has continued to tick higher. AUD has outperformed after the release
of stronger than forecast Australian housing finance data. Liquidity is sapped
by a market holiday in Japan today.
- USD/CNH has slipped under yesterday's low, the 50-DMA is in sight. USD/KRW has
edged lower in tandem. South Korean exports for the first 10 days of the month
surged, albeit thanks to increased working days.
- UK flash Q4 GDP & monthly economic indicators takes focus on the data front.
There's a flurry of central bank rhetoric coming up, with Fed's Powell, Quarles,
Bullard, Kashkari & Daly, ECB's Lagarde, Schnabel & Lane, as well as BoE's
Carney & Haskel due to speak.

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