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AUSSIE BONDS

Off Cheaps

KRW

Another Day Of Record Coronavirus Cases

AUD

CNH: Approaching Key Support

US EURODLR FUTURES

Light Selling In EDH1 & EDU1

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The kiwi edged higher in quiet Asia-Pac trade, with broader G10 FX space looking for fresh catalysts. Some may have found it reassuring, when NZ off'ls said that they haven't found any new Covid-19 cases in the community, after an infected person from Australia visited Wellington over the weekend.

  • A bout of JPY sales pushed USD/JPY to a fresh 13-month high of Y111.12, but pulled back into the Tokyo fix.
  • The PBOC set its central USD/CNY mid-point at CNY6.4824, virtually in line with sell-side estimate. USD/CNH inched higher, trapped within the confines of yesterday's range.
  • The European docket is headlined by BoE MonPol decision, German Ifo survey as well as comments from ECB's Schnabel & Panetta.
  • In the U.S., focus moves to initial jobless claims, third GDP reading, flash durable goods orders and Fedspeak from Williams, Kaplan, Barkin, Bostic & Bullard.