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The Antipodeans followed U.S. equity index....>

FOREX
FOREX: The Antipodeans followed U.S. equity index futures lower, as the Asia-Pac
timezone digested yesterday's reports pointing to an unsuccessful trial of an
experimental drug for Covid-19 in China. Price action was subdued as regional
data and news flow didn't provide any game-changers. CAD and NOK perked up
alongside crude oil.
- Asian EMFX were in retreat amid concerns about the coronavirus crisis. KRW and
IDR led losses in the basket, with the former dented by continued uncertainty
about Kim Jong Un's health. The PBoC lowered the interest rate applied to its
1-Year TMLFs to 2.95% from 3.15%, but FX mkts were unfazed.
- USD/TRY crept higher towards the psychological TRY7.0 barrier, briefly
violated earlier this week. It's a level to watch after Turkey's central bank
delivered an above-forecast rate cut on Wednesday.
- German Ifo Survey, UK retail sales, final U. of Mich. Sentiment, as well as
flash durable goods orders out of the U.S. figure on today's data docket.

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