Familiar themes, familiar ranges - Equities...>

FOREX: Familiar themes, familiar ranges

- Equities sit in minor positive territory early Tuesday, with European indices

higher by between 0.5 and 1.0%. Newsflow and tier 1 data releases have been

relatively few and far between, with global trade sentiment still the driver.

Havens sit somewhat lower given the positive equity backdrop, helping USD/JPY

bounce off the overnight lows of Y108.46 and keeping CHF at the bottom of the

G10 pile.

- AUD underperformed, following the release of the minutes from the RBA's Nov

policy meeting. The document revealed that members "agreed that a case could be

made to ease monetary policy," even as they decided to stay their hands this

time. A spill-over damaged NZD to a degree. AUD/USD edged lower to $0.6785 but

markets have since recovered.

- Canadian house price data and US housing starts/building permits are the

highlights during the US session. Speeches are due from Fed's Williams and BoC's

Wilkins. The leadership debate between PM Johnson and Labour leader Corbyn is

also up at 2000GMT/1500ET.