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Yesterday's revival in risk appetite..........>

FOREX
FOREX: Yesterday's revival in risk appetite carried over into the Asia-Pac
session, with regional players digesting the Fed's announcement re: planned
corporate bond purchases & U.S. Commerce Dept's decision to allow domestic firms
to work on technology standard-setting with Huawei. G10 FX space continues to
trade in a risk-on mode, despite lingering concerns over the resurfacing
coronavirus outbreak in Beijing & North Korea's escalating sabre-rattling.
- USD & JPY underperform all of their G10 peers as we type, while commodity-tied
FX trade on a firmer footing. AUD is the best performer in the basket, ahead of
a bunch of local releases due at the bottom of the hour.
- Asian EM FX are catching up with yesterday's risk rally and outperform the
greenback. KRW leads gains in the space, despite geopolitical tensions on the
Korean peninsula. USD/CNH has ebbed lower, nearing its 100-DMA.
- Focus turns to Australian house price index, German ZEW Survey & CPI (f), UK
labour mkt data, U.S. retail sales & industrial output. The BoJ delivers its
MonPol decision, RBA releases minutes from its most recent meeting, while
speaker slate features Fed's Powell & Clarida, ECB's Visco and BoC's Macklem.

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