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The first half of today's Asia-Pacific........>

FOREX
FOREX: The first half of today's Asia-Pacific session was headlined by the
release of the RBA's Feb MonPol meeting minutes. AUD crosses spiked to session
highs initially, but quickly eased off, with AUD eventually falling to the
bottom of the G10 pile. There were no surprises in the text of the minutes, as
the Bank noted that it sees scenarios where a rate hike or cut would be
appropriate, pointing to significant uncertainties around its forecasts. The RBA
highlighted the relative strength of the domestic labour mkt and reiterated that
consumption, and the impact thereon of falling house prices, is a key risk to
its outlook. Elsewhere, trade tensions were mentioned in the context of the
global outlook.
- JPY has outperformed at the margin, while the Nikkei 225 has gyrated around
unchanged levels.
- CAD has lost some steam, as WTI has shed $0.30 thus far.
- Focus today turns to German ZEW survey, Italian industrial orders, Swedish CPI
& UK labour mkt data. Elsewhere, ECB's de Guindos, Costa & Praet, Fed's Mester
and Riksbank's Ingves will speak.

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