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A solid round of regional data releases has...>

FOREX
FOREX: A solid round of regional data releases has buoyed the Antipodeans in the
early part of today's Asia-Pac session. NZ Q4 GDP came out in the NY/Asia
crossover, putting an early bid into the kiwi, as Q4 economic growth accelerated
to +0.6% Q/Q, meeting market exp. and proving strong enough to cap worries that
the RBNZ might deliver a cut to its OCR in 2019. Elsewhere, Australian
unemployment rate ticked lower, against the backdrop of the RBA's concern with
domestic labour mkt developments. AUD/NZD last trades flat at NZ$1.0337, after
round tripping to session lows of NZ$1.0300.
- CNH has been relatively strong, which might have further supported AUD & NZD.
- The greenback has underperformed, in a carryover from its yesterday's
post-FOMC weakness. JPY has also fared badly, with Japanese markets closed for a
national holiday.
- Focus today turns to the MonPol decision from the BoE and Norges Bank, as well
as UK retail sales. Elsewhere, ECB's Enria will speak, while the ECB will
publish its econ bulletin, while UK PM May will take part in a summit with EU
leaders.

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