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South Korea's daily coronavirus update........>

FOREX
FOREX: South Korea's daily coronavirus update triggered the resumption of
evident risk aversion across the G10 FX space. The number of cases confirmed
locally rose by 169 topping 1,000. USD/JPY has erased earlier gains & CHF jumped
to the top of the pile. The Antipodeans are on the defensive, albeit solely on
the back of the Covid-19 situation, with a poor Qr completed construction work
print out of Australia providing little if any impetus.
- USD/CNH spiked higher and operates around yesterday's best levels as we type.
USD/KRW has soared but is yet to test six-month highs printed earlier this week.
Elsewhere in the region, THB & MYR have registered fresh multi-month lows vs.
the greenback.
- Worth noting that South Carolina Democratic debate is currently underway.
- U.S. new home sales, French consumer confidence & Norwegian unemployment take
focus on the data front. Central bank speakers include Riksbank's Ingves and
ECB's Lagarde, Makhlouf, Holzmann & Panetta.

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