The greenback and loonie remain fragile.......>

FOREX: The greenback and loonie remain fragile after respective monetary policy

decision from the Fed and the BoC sent them lower yesterday. The Fed delivered a

"hawkish cut," but at the same time Chair Powell signalled that they don't see

any material pick-up in inflation right now. Meanwhile, the BoC stood pat on

policy, but downgraded 2020 growth forecasts and mulled an "insurance cut"

during the meeting. On a different note, participants seek clarity re: when the

U.S. & China might finalise their initial trade pact.

- NZD is the best G10 performer; Westpac rev. their RBNZ call & no longer exp. a

cut to the OCR in Nov, which came just after a strong building approvals print.

- USD/CNH ticked higher as China's official PMI numbers missed expectations, but

has dropped back into negative territory amid broad-based USD weakness.

- KRW is bought after a beat in local industrial output & a strong Samsung

earnings report. USD/KRW playing catch-up post-FOMC, showed under KRW1,160.00.

- The BoJ is yet to deliver its MonPol decision. Apart from BoJ Gov Kuroda,

ECB's de Guindos & Rehn are set to speak. Data-wise, French & Italian CPIs, EZ &

Canadian GDPs, U.S. personal income/spending & MNI Chicago PMI take focus today.