The Antipodeans underperformed overnight,.....>

FOREX: The Antipodeans underperformed overnight, amidst limited risk appetite,

with kiwi leading losses among the G10 currencies. AUD recovered from worst

levels, but remained weak, after being weighed on by the combination of a plunge

in Dalian iron ore futures and (somewhat caveated) comments from RBA's Bullock,

who pointed to the soft Sydney housing market and urged lenders "not to tighten

up too much." Her comments came after yesterday's release of Australian house

price index, which declined by more than exp., and against the backdrop of the

RBA's continued concern with the impact of falling house prices on consumption.

Also worth noting market exp. for the RBA to cut its already record-low cash

rate by the year-end have recently increased.

- The yen traded mixed, while the Nikkei 225 moved into positive territory.

- USD outperformed at the margin, ahead of the FOMC MonPol decision accompanied

by a press conference with Fed Chair Powell, due later today.

- Elsewhere, focus today turns to UK inflation data, as well as any fresh Brexit

developments.