Risk appetite swung both ways with the........>

FOREX: Risk appetite swung both ways with the global spread of Covid-19

remaining front and centre. A round of risk-off flows was seen as South Korea

reported that the number of confirmed coronavirus cases in the country swelled

past 1,000. On the other hand, participants noticed a bright spot in China's

daily update as new deaths were entirely confined to the Hubei province. JPY

underperforms all other G10 FX, with USD edging out its peers from the basket.

Poor construction work done print, which got Australia's Q4 GDP partials

underway, was overshadowed by the coronavirus tumult.

- KRW sold off on the back of a domestic surge in Covid-19 cases & grim biz.

conf. data. USD/KRW threatened to breach 6-month highs printed Mon/Tues, but

then eased off. USD/THB surged to a fresh 9-month peak after Thailand's tourism

revenue dropped. USD/MYR hit its best levels since Nov 2017 as uncertainty re:

local political situation remains. USD/yuan pared its earlier gains.

- U.S. new home sales, French consumer confidence & Norwegian unemployment take

focus on the data front. Central bank speakers include Riksbank's Ingves and

ECB's Lagarde, Makhlouf, Holzmann & Panetta.