The dollar witnessed a largely mixed.........>

DOLLAR: The dollar witnessed a largely mixed session overnight, registering

modest gains against NZD after the RBNZ  Deputy Governor suggested an increase

in bank capital requirements, and minor losses against AUD.

- The DXY traded a very narrow 96.58-65 range and holds toward the base at the

European crossover. Downside focus remains on a close below the 100 & 50-dma's

at 96.42/31. The 61.8%/76.4% retracements of 97.08-96.28 provide the next

resistance area at 96.77/89, ahead of the Feb 19 high at 97.08.

- Gold further extended declines off Tuesday's multi-month high of $1346.80,

before basing at $1321.58 yesterday. Recovery efforts have so far remained

shallow through Asia, held to a tight $3 range, last $1323.37. The 61.8%

retracement of $1302.48-1346.80 acts as support at $1319.41, ahead of the 21-dma

at $1316.85.

- A muted session for the major crude benchmarks overnight, with Brent & WTI

trading around $0.30 higher.

- Fed speakers today include Clarida, Potter, Harker & Williams.