NZD topped the G10 pile after the RBNZ left...>

FOREX: NZD topped the G10 pile after the RBNZ left its Official Cash Rate

unchanged at 1.0% and avoided any clear commitment to imminent policy easing.

The kiwi had softened in the lead-up to the decision before jumping upon its

announcement. MPC members said that new information which hit after the August

MPS didn't indicate a significant change to the outlook, but they also noted

that there is scope for deploying fiscal and monetary stimulus if needed.

- Traders speaking with BBG pointed to NZD/USD shorts covering post-RBNZ;

AUD/NZD tested the 23.6% retracement of its Aug 6-Sep 20 rally at NZ$1.0704.

- JPY was the worst G10 performer, even as major regional stock indices operated

in the red. A BBG headline suggesting that China is preparing more purchases of

U.S. pork helped USD/JPY push to its session high of Y107.43. Elsewhere, CAD was

pretty solid, although oil prices faded; USD was also fairly strong.

- U.S. new home sales, French consumer confidence and Norwegian AKU unemployment

figure on today's data docket. ECB's Coeure and Lautenschlaeger, Riksbank's

Floden, BoE's Carney, as well as Fed's Evans, George and Brainard will all make

addresses. Thailand's central bank delivers its MonPol decision.