AUD gyrated after the RBA delivered its.......>

FOREX: AUD gyrated after the RBA delivered its MonPol decision, but dipped

eventually, as focus shifted to the last paragraph of the accompanying

statement, which now says that "the Board will continue to monitor developments

and set MonPol to support sustainable growth in the economy and achieve the

inflation target over time." The cash rate was left unch. at 1.50%.

- NZD underperformed from off, as the latest NZIER quarterly biz. opinion survey

was rather downbeat. The seasonally adjusted headline index fell to -27 from

-18, while the survey also pointed to sub-2% annual NZ GDP growth in 1H2019.

- GBP also struggled in the aftermath of another round of the Commons'

indicative Brexit votes, which saw all the proposals suffer defeats. PM May will

convene a cabinet meeting later today to discuss Brexit strategy.

- Declining risk sentiment triggered appetite for safe haven FX, with JPY

topping the G10 pile. Japanese Econ Min Motegi said that trade talks with the

U.S. will get underway this month.

- Focus turns to Australian FY2019/20 federal budget, U.S. durable goods, EZ PPI

and comments from ECB's Praet.