A low volume day by and large for currency....>

FOREX: A low volume day by and large for currency markets, with all major

currencies failing to reach recent average activity. The busiest markets were

GBP, which edged to a new post-election low and through the $1.30 handle, with

AUD and NZD not far behind. Much of the price action took place following the NY

open, with markets happy to sell the greenback against most others in G10. This

helped flatter AUD and NZD somewhat, which are now testing the session's best

levels.

- AUD also holding some support following jobs data overnight, which showed the

unemployment rate unexpectedly dropping thanks to much larger than expected

employment gains. AUD/USD upside target sits at the $0.6906 200-dma.

- Similarly for NZD, a renewed test on the December highs at $0.6942 could be on

the cards, with a break above there marking the best levels since late July.