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Moody’s: Lowered our China growth forecast to 5.2% for 2020 vs. 5.8% previous

Key Points:

Growth to slow across Asia pacific as coronavirus weakens demand and disrupts supply chains.

Lowered our China growth forecast to 5.2% for 2020 from 5.8% previously, reflecting a severe but short-lived economic impact.

Lower Chinese import demand is the primary reason for slowing growth.

Intra-regional trade amplifies impact of lower Chinese growth.

Bank Indonesia likely to cut key rate due to coronavirus risks – Reuters poll

According to the latest Reuters poll of economists, Bank Indonesia (BI), the Indonesian central bank is expected to cut the benchmark interest rate at
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USD/JPY off lows, still in the red below 110.00 mark

The USD/JPY pair edged lower on Tuesday and dropped to three-day lows during the Asian session, albeit has managed to recover few pips thereafter. Fol
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