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The Antipodeans sit atop the G10 pile even....>

FOREX
FOREX: The Antipodeans sit atop the G10 pile even as regional equity benchmarks
have plunged amid panic selling, with trading halts triggered at several
bourses. There's talk of a liquidity squeeze pushing AUD & NZD off y'day's lows,
while NOK retains its position of the worst performer in the basket with USD/NOK
yet to re-test record highs printed y'day. GBP & JPY sit towards the lower end
of the pile, with only the krone faring worse. The ever-escalating coronavirus
worry and disappointment with policy measures deployed so far remain evident.
- USD/Asia have strengthened with Asian equity markets in free fall, following
sharp sell-offs seen at Wall St. yesterday. USD/CNH has rallied further above
the CNH7.0 mark, with bulls looking to CNH7.0572 as the nearest resistance.
- USD/KRW has surged to its best levels since Mar 2016, with a source pointing
to very thin liquidity. RTRS cited dealers suspecting an FX intervention by
South Korean authorities after the rate briefly ticked off initial highs.
Earlier, a BoK off'l told BBG that the Bank will intervene in case of
"excessive" moves. BoK members are considering calling an emergency meeting.
- U.S. U. of Mich. Survey, German CPI (f) & Swedish unemployment are due today.

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