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JGBS AUCTION

Japanese MOF sells Y4.9024tn 3-Month Bills:

IDR

Virus Continues To Spread In Jakarta

RBA

Upcoming Lowe Appearance Postponed

JGBS

Curve Twist Steepens, Bucking The Trend

KIWI
KIWI: NZD is the underperformer among the majors in early Asia-Pacific dealing
as U.S. equity futures pull back to neutral levels and AU bonds/Tsy futures tick
higher. NZD/USD last 15 pips or so softer at $0.6818. 
- The cross was supported by a broadly weaker USD on Wednesday & reports that
Peter Navarro will be side lined at the upcoming G20 summit, where U.S. Pres.
Trump is exp. to meet his Chinese counterpart Xi.
- NZD/USD bulls managed to clear the Nov 7 high of $0.6814 overnight, allowing
them to look to $0.6870, where the rate peaked Tuesday. Meanwhile, bears eye a
break of yesterday's low at $0.6782 before targeting the Nov 14 low at $0.6756.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com