The Antipodeans have found themselves on......>

FOREX: The Antipodeans have found themselves on the back foot in early Asia-Pac

trade. Some attention has been given to an exclusive piece from AFR, which

suggested that the AOFM is preparing contingency plans in case the RBA decides

to launch quantitative easing. The report has conspired against the Aussie

together with the recent formation of a head and shoulders top in AUD/USD. NZD

has tracked the move of its peer from across the Tasman.

- Elsewhere, price action in the G10 basket has been rather subdued. Safe havens

trade on a softer note since Japanese equity benchmarks have moved into positive

territory. CAD is slightly pressured ahead of today's central bank action.

- Bank Indonesia said it is ready to intervene and maintain FX stability amid

coronavirus fears, while a BoK off'l warned against the impact on sentiment and

consumption. That said, KRW has drawn support from solid S. Korean GDP numbers.

- USD/CNH has strengthened past yesterday's peak, consolidates above CNH6.9100.

- The Bank of Canada's monetary policy decision, Canadian CPI, U.S. existing

home sales headline the global docket. BoC Gov Polos will hold a post-MonPol

presser, BoE Gov Carney will speak on climate in Davos.