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A Late NY Bid


(Z2) Primary Trend Direction Remains Down


USD/KRW Rebounds +1.25% Overnight


Price Developments Point To Higher Inflation Expectations

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AUSSIE BONDS: RBA Governor Lowe's appearance has come to an end. Not much new to
note in it. He pointed to Chinese stimulus on the back of Coronavirus, as well
as an improving domestic outlook in Australia, prior to the outbreak. Elsewhere,
comments largely surrounded matters discussed earlier this week.
- Anyway, Coronavirus headlines out of Hubei province are dominating early
trade, putting a bid into the space. YM & XM trade at unchanged levels as the
overnight weakness is unwound, contracts just shy of their respective session
- Bills sit unchanged to 1 tick lower through the reds.
- On the domestic data front we saw a moderation in the latest round of consumer
inflation expectations.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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