NZD topped the G10 pile eventually after......>

FOREX: NZD topped the G10 pile eventually after showing no immediate reaction to

NZ Q2 CPI data as headline and non-tradable figures matched RBNZ expectations,

while tradable inflation undershot forecasts only slightly. The RBNZ sectoral

model inflation, released later in the session, held steady at +1.7% Y/Y.

- NZD/USD met resistance at the upper 1.0% 10-DMA envelope at $0.6737. A close

in the green would extend the rate's winning streak, which began last Wednesday.

- AUD shrugged off the RBA's July policy meeting minutes as they repeated

familiar themes. The document reiterated that labour market developments are in

focus, while the central bank stands ready to ease policy further if needed.

- JPY softened which allowed USD/JPY and AUD/JPY to briefly show above the

nearest round figures of Y108.00 and Y76.00 respectively. Both crosses faded a

touch subsequently, as the upside was limited by a decline in the Nikkei 225.

- Highlights of today include U.S. retail sales & industrial output, UK labour

market report and German ZEW survey. A batch of Fed members, led by Chair Jerome

Powell, are set to speak. ECB's Villeroy and BoE Gov Carney will also make

appearances.