NZD was the big mover in the Asia-Pac.........>

FOREX: NZD was the big mover in the Asia-Pac session after Westpac published an

analytical piece noting that they expect the RBNZ to cut the OCR to -0.5% in

November. Westpac's predictions came after the latest rounds of dovish rhetoric

from New Zealand's central bank, outlining potential for strengthening monetary

stimulus, including via negative interest rates. NZD dived under the

psychological $0.6000 level and led its Antipodean cousin AUD lower against

their G10 peers. AUD/NZD extended yesterday's gains past the NZ$1.0700 mark.

- A mild risk-off feel gradually crept into G10 FX space, as participants

assessed the coronavirus situation and oil price dynamics. CAD felt the impact

of softening WTI, but NOK was resilient, even as Brent also ticked lower. The

likes of IDR and MYR led losses in Asia, taking a hit from crude weakness.

Little in the way of headline drivers seen elsewhere.

- U.S. Conf. Board Consumer Confidence & wholesale inventories, French consumer

confidence, as well as Swedish retail sales and trade balance take focus on the

data front. The Riksbank delivers its MonPol decision today.