NZD turned sour as the RBNZ said that they....>

FOREX: NZD turned sour as the RBNZ said that they are taking a fresh look at

their unconventional policy strategy, while works are "at a very early stage."

The statement was a response to an Official Information Act request and the RBNZ

declined to disclose any further details. The kiwi sank against all of its G10

peers amid a growing conviction that record-low interest rates are here to stay.

- More reluctance towards QE was shown on the other side of the Tasman Sea. RBA

Asst Gov Kent said that the RBA is a "long way from" using it and unlikely to do

so. He added that AUD would be stronger without the recent rate cuts, but the

Aussie shrugged off these comments.

- The greenback topped the G10 pile amid reported EUR/USD sales linked to macro

positioning ahead of Thursday's MonPol decision from the ECB.

- Asia-Pac equity markets were firmer, notably in Japan after Morgan Stanley

lifted their outlook for Japanese chip equipment makers & amid positive signals

re: U.S.-China/Huawei matters. This limited safe haven FX to a degree.

- Highlights today are EZ consumer confidence, U.S. existing home sales and the

announcement of the result of Tory leadership election in the UK.