Antipodeans sink as RBA raise spectre of......>

FOREX: Antipodeans sink as RBA raise spectre of rate cuts

-After outperforming firmly Monday, AUD now sits at the bottom of the pile

Tuesday as RBA governor Lowe explicitly stated that he'll consider easing policy

as soon as next month in a bid to reinvigorate inflation and further pressure

the unemployment rate. AUD sold all it's election-inspired Monday gains,

allowing bears to re-target recent cycle lows printed last week at $0.6865.

-GBP is soft once more, with traders wary of comments from the opposition Labour

party stating they will vote against Theresa May's Brexit deal again, with

increasing signs that many Conservative lawmakers will vote against the PM as

well. GBP/USD retreated below the $1.27 mark, hitting the lowest level since

mid-January.

-The USD is better bid, undeterred by the pick-up in US equity futures,

indicating a higher open on Wall Street Tuesday.

-It's another light data day, with little on the calendar until Eurozone

consumer confidence and US existing home sales cross at 1500BST/1000ET. ECB's

Visco, Fed's Evans and Rosengren are also due to speak.