Risk appetite continued to recover in the.....>

FOREX: Risk appetite continued to recover in the Asia-Pac session, as

participants focused on the positives in China's daily update on coronavirus

figures. The rate of new cases confirmation decelerated, while an uptick in

recoveries overshadowed further deaths. Worth highlighting that a story was

doing rounds on social media re: changes in methodology, which might distort the

readings, but participants paid more attention to the bright side. 

- Safe haven FX underperformed their peers from the G10 basket, while high-betas

led gains. AUD topped the pile, drawing additional support from firmer than

expected Australian housing finance data. NZD tread water ahead of the imminent

monetary policy decision from the RBNZ.

- USD/Asia edged lower as regional EMFX benefited from appetite for riskier

assets. USD/CNH slipped under yesterday's low & the 50-DMA is now in sight.

- UK flash Q4 GDP & monthly economic indicators takes focus on the data front.

There's a whole host of central bank members set to make addresses, with Fed's

Powell, Quarles, Bullard, Kashkari & Daly, ECB's Lagarde, Schnabel & Lane, as

well as BoE's Carney & Haskel due to speak.