Post-FOMC USD weakness has spilled over.......>

FOREX: Post-FOMC USD weakness has spilled over into the Asia-Pac session

affecting the dollar crosses. As a reminder, the Fed held rates steady

Wednesday, removed "further gradual increases" from its forward guidance and

signalled flexibility re: balance sheet normalization (albeit emphasizing that

the fed funds rate is its "primary means" of adjusting MonPol). 

- GBP has modestly underperformed in the aftermath of comments from EU leaders &

officials yesterday, who reiterated that renegotiating the current Brexit deal

is off the table, with some warning that a no-deal Brexit is increasingly nigh. 

- NZD garnered some modest strength as S&P affirmed New Zealand at AA and lifted

its outlook to positive from stable, but kiwi crosses are back to nearly unch. 

- JPY ignored the summary of opinions from the BoJ's Jan MonPol meeting, which

stressed the importance of easy policy amidst materialising downside risks. 

- There was little reaction to the latest round of official Chinese PMI data. 

- Focus today turns to French CPI, Italian, EZ & Canadian GDP, as well as any

fallout from the ongoing Sino-U.S. trade negotiations. Central bank rhetoric

will come from BoC's Wilkins, as well as ECB's Coeure, Mersch & Weidmann.