It was a quiet session for the majors ex......>

FOREX: It was a quiet session for the majors ex. the Antipodeans. NZD/USD traded

sharply lower, printing a low of $0.6653 in the wake of a fall in NZ ANZ

consumer confidence to a fresh 10-Year low. ANZ noted that "this month we take a

closer look at the implications of weak investment and employment intentions,

and conclude the threat to near-term activity is real." As a reminder last week

saw RBNZ Gov. Orr reiterate that the biggest risk to the NZ econ comes in the

form of business investment, so the pullback here, and continuing soft trend in

the survey since the current gov't took power is receiving a heightened degree

of attention. The rate breached the 27 Aug low ($0.6670), with bears now eying

the 24 Aug low ($0.6620). AUD/USD was pressured by the softer than exp. AU Q2

CapEx print, with the key plant & machinery CapEx metric falling. A soft

building approvals print also weighed as AUD/USD printed a low of $0.7275, with

the clean break of $0.7300 putting broader focus back on the YtD low ($0.7203).

- GBP/USD consolidated above $1.3000 on the back of yesterday's rally.

- Thursday brings German state & national CPI, Canadian GDP & U.S. personal

income/spending numbers.