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Risk appetite turned sour as China's Hubei....>

FOREX
FOREX: Risk appetite turned sour as China's Hubei reported 14,840 new
coronavirus cases after implementing a change to the counting method, as to
account for the number of "clinically diagnosed" patients. The province also
reported 242 new deaths, bringing their total number to 1,310.
- JPY has picked up a bid making USD/JPY heavy. The rate sank through the
Y110.00 & now seems to be consolidating below. High-beta FX took a hit and
remain limited, with y'day's outperformer NZD bringing up the rear.
- USD/CNH jumped in the initial reaction to Hubei headlines, but has already
faded the bulk of those gains. Other major crosses are also back from extremes.
- The FX space has shrugged off comments from RBA's Lowe, BoC's Poloz & RBNZ's
Orr, Hawkesby & Bascand.
- U.S. CPI, final CPI from Germany & French unemployment headline today's thin
data docket. Central bank speakers include ECB's de Cos, Lane & Panetta, Fed's
Williams & Kaplan, as well as Norges Bank's Olsen.

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