G10 crosses respected familiar ranges in......>

FOREX: G10 crosses respected familiar ranges in today's uneventful Asia-Pac

session. Regional economic docket was light & newswires stayed rather quiet.

Commodity-tied FX, save NOK, generally struggled, with the Antipodeans further

damaged by a soft Q2 completed construction work print out of Australia. The

greenback outperformed at the margin, while safe havens traded mixed.

- A stronger than expected PBoC fix briefly boosted the yuan, but resulting

strength promptly dissipated. Setting the USD/CNY mid-point below estimates for

the sixth consecutive session reinforced the perception that China's central

bank is trying to mitigate CNY depreciation, which inspired a momentary bout of

light risk-on flows.

- The RBNZ published a comment from its Governor, who argued that "monetary

policy remains as effective as ever," but should be partnered with fiscal and

structural policies. Furthermore, Mr Orr specifically noted the key role of the

exchange rate in NZ competitiveness.

- Today's docket is fairly thin, features Italian business/consumer confidence

surveys, Swedish retail sales, as well as speeches from Fed's Barkin and Daly.