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Risk-off themes persist as Coronavirus........>

FOREX
FOREX: Risk-off themes persist as Coronavirus count ticks higher
- Once again JPY and CHF are the strongest currencies in G10 as the market's eye
remains glued on Coronavirus developments as the impact on the global (and
particularly Chinese) economy is unknown. Hong Kong have begun to sharply cut
the number of flights from the Chinese mainland to Hong Kong and individual
travellers to the territory are to be barred from entry.
- CNH holds close to the year's lowest levels as equity sentiment looks more
mixed. After receiving a drubbing in the Asia-Pac session, index futures have
stabilised slightly, with US markets indicating a modestly higher open Tuesday.
- EUR/SEK had a bumpy ride as the Swedish stats agency appeared to mistranslate
the retail sales release - some confusion over whether retail sales had
increased or decreased was eventually settled as a +0.5% print, which helped
drag EUR/SEK off the day's highs.
- December's US durable goods orders and January consumer confidence are the
data highlights. There are a number of ECB speakers, with Villeroy, Lane and de
Cos all due.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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