G10 currency pairs operated within very.......>

FOREX: G10 currency pairs operated within very tight ranges overnight, with no

major data releases affecting price action and the news feeds staying relatively

quiet. Kiwi underperformed, albeit modestly, despite briefly breaking above the

$0.6800 in early Asia-Pac trade. AUD/NZD ticked up and last sits at NZ$1.0566. 

- The yen also struggled, as U.S. equity index futures & Japanese stocks drifted

higher. The Nikkei 225 trades ~0.7% higher on the day at writing. 

- Sterling lost a handful of pips against most of its G10 peers, as markets

absorbed headlines re: Brexit & PM May's cabinet fragility from over the

weekend. 

- Worth noting Italian ruling coalition leaders reached an accord over a revised

2019 budget proposal. 

- Focus today turns to EZ CPI & U.S. Empire m'fing survey, with the RBA Dec

meeting minutes coming out after European midnight. Elsewhere, UK PM May will

face the lawmakers over her recent trip to Brussels, where EU leaders refused to

renegotiate the Brexit deal.