Risk aversion carried over into the...........>

FOREX: Risk aversion carried over into the Asia-Pac session, keeping USD well

bid. The Antipodeans took a beating as RBNZ Gov Orr said that negative rates

"are not ruled off the table" beyond 12 months, while the MPC can expand the QE

programme. Although RBNZ off'ls had suggested that such policy options are on

the cards earlier, today's rhetoric brought MonPol matters back to the fore. AUD

& NZD popped higher in reaction to a beat in Aussie jobs report, but sell-off

resumed as the data was taken with a pinch of salt due to sample timing.

- USD/Asia traded on a stronger footing. IDR led losses in the space following

the decision to expand Indonesia's lockdown measures. KRW retreated, catching up

with risk-off moves seen y'day, when South Korea was off for an election day.

The ruling party secured a sweeping victory, with turnout reaching a 28-yr high.

- MXN was dumped after Fitch lowered Mexico's credit rating to BBB-, the lowest

investment grade score, forecasting a "severe recession".

- Final German CPI, as well as U.S. initial jobless claims, Philly Fed Survey,

building permits & housing starts take focus today. Several Fed, ECB, BoC & BoE

members are set to speak.