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All quiet on the G10 front so far, crosses....>

FOREX
FOREX: All quiet on the G10 front so far, crosses remain range-bound amid little
new on the wires. CAD and GBP underperform, but only at the margin.
- The RBNZ published a comment from its Governor, who argued that "monetary
policy remains as effective as ever," but should be partnered with fiscal and
structural policies. Mr Orr also noted the key role of the exchange rate in NZ
competitiveness.
- Today's docket is fairly thin, features Australian construction work done (a
quarterly GDP input), Italian business and consumer confidence, Swedish retail
sales, as well as comments from Fed's Barkin and Daly.

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