KIWI shines in otherwise quiet markets. -.....>

FOREX: KIWI shines in otherwise quiet markets.

- FX major currency pairs largely remained in consolidation mode throughout the

European morning. NZD was the main outperformer in G10 against the USD,

currently showing gains of 0.36%. AUDNZD made a break of the key NZ$1.0500 level

to print NZ$1.0490, NZDJPY moved through the 100-dma to Y78.98 with next

resistance at Y79.36 (200-dma). NZDUSD extended to $0.7390 as focus turns to the

2018 high at $0.7438.

- GBPUSD failed to reclaim the $1.42 handle, initially held 25 pip range. A drop

in availability of unsecured loans to customers in the BOE credit conditions

survey pressured to $1.4170, second wave supply extended to $1.4147.

- With lack of geopolitical news the JPY complex barely moved over the session.

- EURUSD held heavy ahead of EMU IP data, the soft release pressed to $1.2337,

before improved revisions countered

- SEK touched multi-year lows against the EUR of Sek10.3778 after a miss in

Sweden March CPI (1.9% y/y vs median 2.0%, m/m inline at 0.3%).

- US data from weekly Jobless Claims and Import/Export data the main highlights.