Risk appetite has remained tepid across the...>

FOREX: Risk appetite has remained tepid across the FX space thus far, weighing

on the high beta currency bloc, albeit to a degree. NZD has underperformed at

the margin, as NZ Westpac consumer confidence index slid to 103.8 from 109.1 in

Q1.

- AUD has shown muted reaction to the release of Australian house price index,

which declined by more than exp., both on a Y/Y and Q/Q basis. Meanwhile, the

latest RBA meeting minutes brought no surprises, reiterating the Bank's shift to

a more neutral stance.

- The yen has outperformed, benefitting from safe haven demand, with the Nikkei

225 operating in the red.

- GBP has been modestly aided by reports suggesting that Thursday's EU summit

may see granting the UK an extension to Article 50. Press reports vary with

regards to the length of the touted Brexit delay.

- Focus today turns to German ZEW survey, UK labour mkt report, as well as U.S.

durable goods and factory orders. Elsewhere, ECB's Praet and Riksbank's

Skingsley will speak.