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

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.