Risk appetite was tepid at best during........>

FOREX: Risk appetite was tepid at best during today's Asia-Pacific session, and

pressed the Antipodeans to the bottom of the G10 pile.

- AUD had already modestly underperformed, before a soft domestic Westpac

consumer confidence print added further pressure to the currency. The Aussie

then briefly ticked away from lows, as ANZ said that they exp. the RBA to keep

its cash rate unch. through 2019 and 2020, in contrast to a recent series of

changes to RBA calls by major banks.

- JPY outperformed, aided by a retreat in regional benchmark equity indices,

with the Nikkei 225 last trading ~1.3% lower. The yen largely shrugged off

domestic data releases, with PPI topping exp. and core machine orders missing

forecasts.

- Sterling crosses edged higher, but cable still hovers just above yesterday's

post-vote levels.

- Focus today turns to U.S. durable goods & PPI, EZ industrial output, as well

as remarks from ECB's Coeure. Elsewhere, the British House of Commons will vote

on the proposition of a no-deal Brexit.