Following the midterm election results and....>

FOREX: Following the midterm election results and a relatively noisy Asian

session, we have seen broad USD weakness across the G10, with every other G10

currency outperforming the dollar. Indeed, the USD weakness continues at the

time of writing with most currencies at their session highs against USD.

- NZD has been the outperformer following very strong employment data with eyes

turning to the RBNZ decision later today where a neutral bias is likely to be

reiterated.

- The market is also looking towards tomorrow's Fed decision where changes to

the statement are likely to be minor. However, adjustments to the IOER could

well be discussed, although this will more be a story for the Minutes with no

press conference tomorrow.

- Risk has been rallying elsewhere today with European equity markets and

commodities moving higher through the session and yields falling.