It's been a quiet morning in FX with all......>

FOREX: It's been a quiet morning in FX with all G10 currencies within 0.33% of

where they closed last week against the USD. The market has a year-endy feel to

it already, although we do have a fairly busy week on the policy front with some

key data due for release too.

- The Euro is the top performing currency of the day, with some citing a Reuters

headline that the European Commissions has extended equivalence for the Swiss

stock exchange until the end of June. However, this headline seems to be

repeating information already seen last week so the impact may just be due to

illiquid markets.

- EURSEK has been among the biggest movers. Markets are focused on the Riksbank

meeting on Thurs with markets now pricing in a less than evens chance of a hike.

- The New Zealand dollar is among the best performers of the day with NZD

seemingly retracing some of the weakness seen on Friday following the second

close of the month below the 200-dma.

- The US dollar is the weakest currency of the day ahead of the Fed rate

decision on Wednesday.