The Antipodeans slid on the back of...........>

FOREX: The Antipodeans slid on the back of disappointing data prints out of the

region. Declines were seen in NZ food price index and Aussie Westpac cons. conf.

index, while slower than exp. Chinese PPI made AUD & NZD even heavier. 

- NZD/USD posted a peculiar spike lower. Traders pointed to sales by a European

bank, with some analysts also suggesting that stops were triggered on the breach

of $0.6600. Although the move was retraced, NZD remains the worst G10 performer.

- Sterling struggled amid domestic political and economic uncertainty.

- MXN stabilised as focus turned to a presser with the freshly installed Mexican

FinMin Herrera. His predecessor's resignation sent the peso tumbling yesterday.

- TRY ignored President Erdogan's call for a "complete revision" at the

country's central bank in the wake of the ouster of the institution's governor.

- Focus turns to Norwegian inflation data, French and Italian industrial

outputs, as well as UK short-term economic indicators. BoC MonPol decision and

Fed Jun MonPol meeting minutes are also due. Fed's Powell will deliver his much

awaited congressional testimony, with Fed's George & Bullard, ECB's Panetta &

BoE's Tenreyro also set to make appearances.