Staying down-under: NZD - slipped to lows of 0.6710 with 100dma at ~0.67, below the 61.8% of the 2018 range at ~0.68. Attention this evening on the release of CPI - markets look for 0.0% on qtr although range of -0.2% to 0.4%. WPAC on 0.1% with risk to underlying inflation stronger than RBNZ forecast, reflecting tightening labour market and lower NZD. Any stronger numbers likely to find sellers into rallies. On AUD 100dma at 0.7171 already broken and target 7th Jan lows at 0.7110. Focus on Thurs employment data with range 1.0k to 30k and WPAC on 5k. Both currencies hit by IMF growth report and concerns about China.