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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

FOREX
FOREX: Risk-off flows crept into the FX space as Japan confirmed further 41
cases of Wuhan coronavirus aboard the cruise ship docked in Yokohama, where some
3,700 crew & passengers are quarantined. There may have been an element of
correction to overnight price action as well. Speeches from RBA Gov Lowe & Fed
Vice Chair Quarles drew some attention, but neither did much to move the needle.
U.S. & Chinese Presidents spoke by phone, reaffirming commitment to their
phase-one pact. Within the G10 basket, safe havens ticked higher & high-betas
were the laggards but most crosses stuck to fairly tight ranges.
- KRW led losses among Asian EMFX, unwinding the bulk of gains registered vs.
USD yesterday. Most regional peers followed suit & struggled for momentum.
USD/yuan edged marginally higher, with participants still on the lookout for
Chinese trade data at typing.
- Other releases of note include U.S. NFP report, Canadian jobs data, Norwegian
GDP, as well as German, French & Norwegian industrial outputs. The Fed releases
its semi-annual MonPol report.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com