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The novel coronavirus stole the show again....>

FOREX
FOREX: The novel coronavirus stole the show again. An early round of risk-off
flows was faded on the back of reports re: some bigger names getting back to
work in China, with RTRS pointing to the imminent restart of one of Foxconn's
Chinese plants. Fiscal and monetary measures taken by China may have helped
sentiment recover. In data releases, Chinese CPI inflation accelerated more than
forecast to the fastest pace since Oct 2011. USD/yuan sank past the 7.0 mark. 
- In the G10 basket, riskier currencies outperform safe havens. AUD leads gains
in the space, despite printing a new 11-year low in early indicative trade.
- USD/Asia started on the back foot, but recovered as risk appetite reared its
head. IDR is the worst performer in the region.
- USD/TRY slipped under TRY6.0 after Turkey tightened limits on the amount of
swap, spot & forward deals with foreign entities.
- Italian industrial output, Canadian housing starts & Norwegian CPI take focus
from here. Central bank speaker slate features a trio of Fed members: Bowman,
Daly & Harker. BoE's Haldane speaks at a closed-door event.

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