EU & UK inflation came in softer than.........>

FOREX: EU & UK inflation came in softer than expected on Wednesday, which

weighed on both the EUR & GBP, although cable & EURUSD were back from session

lows as NY entered the fray, but a fully fledged rally for either cross was not

forthcoming. EURUSD last at 1.2380, GBPUSD last 1.4205.

- The BoC left rates on hold as exp. The central bank's caution with respect to

future rate hikes saw USDCAD move through the 200-DMA on its way to printing

session highs of 1.2660, as Governor Poloz noted that interest rates may need to

remain below the neutral range. USDCAD last 1.2630.

- AUDUSD squeezed to the 100-DMA (0.7798), last 0.7790. NZDUSD is higher after

slightly better than exp. NZ CPI, after hitting lows as RBNZ Gov. Orr noted that

the RBNZ "exp. very benign inflation going forwards." Orr went on to say that

"what really matters is the confidence & exp. & belief that we are aiming for

that midpoint of 2% all the time." NZDUSD last 0.7325, high of 0.7343.

- EURCHF continued its ascent towards the old SNB floor at 1.20, last 1.1990.

- The Australian labour mkt report headlines in Asia, with UK ret. sales &

FOMC's Brainard, Quarles & Mester, as well as BoE's Cunliffe due on Thurs.