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The Aussie has picked up a bid upon the.......>

FOREX
FOREX: The Aussie has picked up a bid upon the release of domestic labour market
report, which saw an unexpected downtick in the unemployment rate, to 5.1% from
5.2%. With participation rate staying on hold, employment swelled more than
forecast, driven by new part-time positions. AUD/USD has surged through its
50-DMA, while stopping short of challenging the nearby 200-DMA.
- CAD continues to bring up the rear in the G10 basket, after a "dovish hold"
from the BoC and softer oil prices sent it tumbling yesterday. USD/CAD has
already surpassed yesterday's peak, as crude trades lower still. Struggling oil
has failed to apply any substantial weight to NOK though. The krone sits towards
the upper end of the G10 leaderboard, ahead of the local MonPol decision.
- JPY has strengthened as most regional equity benchmarks have retreated amid
China's coronavirus goings-on.
- USD/IDR sits at multi-year lows; USD/CNH is slightly higher.
- Monetary policy decisions are due from the ECB, Norges Bank and Bank of
Indonesia. Swedish and Norwegian unemployment data and advance EZ consumer
confidence will also be of note. Riksbank's Ingves will speak on a panel.

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