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The dollar was broadly unchanged from.........>

FOREX: The dollar was broadly unchanged from Friday's close in New York, with
one or two notable exceptions. Kiwi-dollar continues to trade on the defensive
on policy concerns from New Zealand's new government. Over the weekend, NZ's
Finance minister warned, reforming RBNZ's policy mandate could potentially lower
interest rates. Kiwi trekked lower from $0.6888 to $0.6841 and was last at
$0.6844. Cable moved higher from $1.3106 to $1.3143, with some UK newspapers
over the weekend calling for a rate rise this week. Aussie-dollar held a
narrow$0.7664 to $0.7682 range. Dollar-yen rose initially to Y113.84 on fix
related demand, but eased to Y113.53 as UST yields edged lower and Nikkei moved
marginally into negative territory. Dollar-yen was last at Y113.60. Meanwhile,
Euro-dollar consolidated in a $1.1594 to $1.1618 range. German retail sales data
provides the early focus for the session ahead.

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