Greenback turns south on market's mixed.......>

FOREX: Greenback turns south on market's mixed messages

-The greenback snapped its recent winning streak Wednesday, pulling away from

the week's high and providing some relief for the major pairs. Housing starts

and building permits data was poor, and some corporate earnings reports were

less than impressive. This resulted in a flatter, lower, US sovereign curve,

which sapped some of the strength from the dollar.

-NZD sat on top of the G10 table Wednesday, hitting a multi-month high against

the USD as the pair looks to cement the first close above the $0.6719 200-dma

for the first time since Q1 this year. Traders cited NZ yield differentials and

the softening of expectations of a rate cut from the RBNZ in August. EMFX was

mixed, with gains in TRY countered by a soft ZAR. TRY extends its winning streak

to 3 days while the ZAR retreated ahead of an expected SARB rate cut Thursday.

-Thursday's session sees Australian jobs data, Japanese trade balance, UK retail

sales and weekly US jobless claims. Fed's Bostic and Williams are both due to

speak ahead of the blackout period kicking off on Friday night. Earnings are due

from Morgan Stanley, Microsoft and UnitedHealth.