The Asia-Pac docket was empty, with many......>

FOREX: The Asia-Pac docket was empty, with many major regional market centres,

as well as a swathe of those further afield, remaining closed for Easter.

- CAD sits atop the G10 FX leader board, benefitting from oil's overnight

strength (WTI +$1.50, Brent +$1.85), triggered by a Washington Post source

report suggesting that the U.S. is preparing to announce that all Iranian oil

importers will have to end their imports in the short-term or be open to U.S.

sanctions. The sources suggest that the announcement could come as early as

today. The oil-tied NOK also benefitted from crude's strength.

- Elsewhere, CNY, in addition to Chinese equities, has struggled after the

Chinese Politburo meeting, held last Friday, sent a strong signal for further

reform measures to be rolled out over the medium/long term, instead of relying

on short-term stimulative measures. This provided some weight to the AUD, which

sits at the bottom of the G10 pile, with AUD/JPY back below Y80.00, while

AUD/NZD operates below NZ$1.0700.

- U.S. existing home sales and the Chicago Fed national activity index provide

the low-key highlights of Monday's economic calendar.