The greenback took a hit as the Fed.....>

DOLLAR-ASIA: The greenback took a hit as the Fed deployed emergency easing,

bringing its policy rate close to 0% and promising asset purchases. However,

Asian FX remain pressured by broader risk-off mood, invariably linked to the

coronavirus crisis. USD/CNH dived past CNH7.0 in early trade as the Fed

announced its move, but has pared some losses since, albeit it remains in the

red. Little reaction seen to historic drops in China's activity indicators, most

likely exp. them to be horrific.

- USD/KRW opened on the back foot, but has crept into positive territory amid

risk aversion. S. Korea's Vice FinMin Kim said that the country will introduce

FX liquidity checks to ensure mkt stability.

- MYR has slid after a sharp increase in domestic case count & Friday's downbeat

comments from PM Muhyiddin re: GDP outlook. USD/MYR hit best lvls since 2017.

- IDR has also softened, even as BI has intensified its "triple interventions"

to shield the rupiah. USD/IDR showed at best lvls since 2018.

- THB underperforms in the space after a rapid surge in local Covid-19 case

count prompted the authorities to anticipate tighter restrictions.