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-After a somewhat quieter session for the.....>

FOREX
FOREX: -After a somewhat quieter session for the USD (much of the focus was on
the EUR and GBP), a break higher in US Treasury yields helped boost the
greenback into the close and press the likes of AUD, JPY, EUR and NZD to, or
close to, multi-week lows. The moves in the dollar and US bonds follow the
strongest headline reading for ISM non-manufacturing since records began in
1997, with a secondary leg higher from better-than-forecast ADP employment
change. Markets also remain cognizant of upside surprise risks for this Friday's
NFP. USD/JPY broke to new YTD highs of Y114.25 on the move.
-AUD, NZD were the worst performers in G10 Wednesday, extending the trend that
began in Asia-Pacific trade. GBP is faring far better despite coming under
selling pressure during the closing address from UK PM May at the Conservative
Party Conference. GBP clearly marking down the odds of a near-term snap election
after a successful conference for the Prime Minister.
-Fed's Powell is due to speak ahead of the Asia-Pac session, with Australian
services and composite PMIs also due.

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