A spell of positive risk sentiment has........>

FOREX: A spell of positive risk sentiment has carried through into the Asia-Pac

session, after U.S. Pres Trump's remarks on the progress in phase one of trade

talks with China allowed the S&P 500 to print record highs yesterday. Firmer

sentiment has aided the Antipodeans, which sit atop the G10 pile.

- The kiwi outperforms its peers from the G10 basket. A round of NZD purchases

was noted after Stuff reported that NZ Superannuation Fund will review its

policy of hedging almost all of its foreign investments in NZD.

- Elsewhere, RBNZ Asst Gov Hawkesby said that the surprise 50bps cut to the OCR

delivered in Aug was an attempt to demonstrate the central bank's commitment to

pushing inflation closer to mid-target range.

- GBP has been the worst G10 performer, unwinding some of yesterday's rally. PM

Johnson is set to return to parliament with his bid for a snap elex later today.

- KRW has benefited from firm risk appetite, with USD/KRW extending its recent

losses and touching the lowest levels since early Jul. 

- Today's economic docket includes French & U.S. consumer confidence gauges, as

well as appearances from RBA Gov Lowe and ECB Vice Pres de Cos.