Softer equity markets have little.............>

FOREX: Softer equity markets have little read-through for currencies

-Equity markets in Europe have followed the lead of the lower close on Wall

Street by edging lower at the NY crossover. European indices sit lower, with

losses spread evenly across core and peripheral bourses. The themes remain the

same, with impeachment chatter in the US, the combative speech from Trump in the

UN and ever-present Brexit threats weighing on risk appetite.

-The RBNZ rate decision came in unchanged, alongside expectations, squeezing

those outside bets of further policy easing in NZ and providing a lift for the

NZD. The currency remains one of the better performers today, although the

greenback also trades well after slipping Tuesday.

-UK Parliament is due to resume, although there will be no PMQs until next week.

Calls for a confidence vote in the government appear premature, with the

opposition Labour party seen waiting until after the key Oct17 summit.

-US new home sales is the sole data release Wednesday, with more focus likely to

be paid to the speaker slate. Fed's Evans, Brainard and George are due, as well

as BoE governor Carney (on climate risks) and ECB's Coeure.