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Range-trading was the theme during the........>

FOREX
FOREX: Range-trading was the theme during the Asia-Pacific region, investors
were unwilling to place new trades ahead of Wednesday's FOMC, leaving the dollar
broadly unchanged against its G-10 peers. Dollar-yen pushed higher from Y111.37
to Y111.60 and was last at Y111.53. Aussie trekked higher from $0.7957 to
$0.7994 and was last at $0.7968. RBA Minutes showed that they expect to see
solid employment growth ahead, iron ore prices are expected to fall, clearer
signs of easing in Sydney housing market and Aussie dollar strength is largely
due to US dollar weakness. Aussie was last at $0.7967. Meanwhile, Euro-dollar
currently trades at $1.1969 and Cable at $1.3514, after trading in respective
ranges of $1.1950 to $1.1975 and $1.3494 to $1.3524. In other currency pairs,
there was an unusual move in dollar-hkd, the rate plunging from around hkd
7.8165 to hkd 7.7965. Sources put the move down to the $1.5bn ZhongAn Online
IPO, supposedly a hot ticket item, reports of thin liquidity may have
exaggerated the fall. Dollar-hkg was last at hkd7.8021.
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