Wuhan virus returned to the fore denting......>

FOREX: Wuhan virus returned to the fore denting riskier assets. The WHO's

Emergency Committee will convene today to decide whether to declare a global

emergency. Antipodean FX were offered, even as NAB & J.P. Morgan pushed back

their RBA & RBNZ easing calls respectively. Safe havens firmed up amid a

broad-based sell-off in regional equity benchmarks. GBP tread water ahead of the

BoE monetary policy decision. The announcement is likely to draw more attention

than usual as analysts/traders are markedly split in their predictions. 

- Risk aversion hammered Asian EMFX, with USD/CNH strengthening past its 50- &

200-DMAs to retest Tuesday's highs. Across the Strait, TWD incurred heavy losses

as local markets reopened after the LNY holidays. THB printed new multi-month

lows vs. USD, with Thailand mulling the suspension of tourist visa-on-arrival

for Chinese visitors. A rally in USD/KRW helped confirm a double bottom pattern.

- highlights include U.S. advance GDP & PCE, German unemployment & CPI, as well

as EZ unemployment and consumer confidence. Central bank speaker slate features

BoJ's Amamiya, ECB's Weidmann, BoC's Beaudry and, of course, BoE's Carney, who

will hold his last post-MonPol press conference as BoE Governor.