Risk aversion crept into the G10 FX space.....>

FOREX: Risk aversion crept into the G10 FX space as U.S. equity index futures

struggled ahead of earnings reports from Citigroup, Goldman Sachs and BofA. The

Antipodeans landed at the bottom of the basket, pressured by broader picture

themes as horrific consumer confidence data out of Oz provoked no immediate

reaction. JPY topped the pile amid safe haven demand. The coronavirus situation

remained an obvious point of interest, but we saw little new on that front.

- USD/CNH popped higher as the PBoC fix was slightly softer than exp. The rate

ticked higher still as China's central bank conducted CNY100bn worth of 1-Yr

MLF, cutting the rate applied to the facility to 2.95% from 3.15%. Resulting

upswing was limited, as lowering the rate came as a sequential matter.

- PHP ignored BSP Gov Diokno's comments re: potential for further rate cuts in

the coming days, it was merely a rehash of his message from over the weekend.

- South Korea has a day off as the nation votes in a general election.

- The focus turns to BoC MonPol decision, CPI data from Italy, France & Sweden,

as well as U.S. advance retail sales Empire M'fing and industrial output. Fed's

Bostic speaks, while G20 FinMins & central bank chiefs hold a teleconference.