Most G10 currencies have been relatively......>

FOREX: Most G10 currencies have been relatively range bound in early Asia-Pac

trade today, with two laggards outstanding from off. Sterling tumbled after the

House of Commons rejected all four Brexit alternatives that were the subject of

the second round of indicative parliamentary votes. Nonetheless, GBP crosses

have recovered from worst levels. Elsewhere, NZD spiked lower at Asia open,

following the release of domestic NZIER quarterly biz. opinion survey. The

seasonally adjusted headline index dipped to -27 from -18, while the survey also

pointed to sub-2% annual GDP growth in 1H2019.

- JPY showed some strength before returning to unch. levels. Japanese Econ Min

Motegi said that trade talks with the U.S. will get underway this month.

- AUD knee-jerked higher on the back of a strong AU building approvals print.

- PBOC adviser Sheng said that decision re: cutting RRR may come post-Q1 econ

data, while "chance is not big for China to reduce bank lending rates in 2019."

- Today is particularly busy in Australia, with the RBA MonPol decision and

FY2019/20 federal budget due later today. Elsewhere, focus turns to U.S. durable

goods, EZ PPI and comments from ECB's Praet.