The greenback sank the most among G10.........>

FOREX: The greenback sank the most among G10 currencies as risk appetite

improved, with U.S. equity index futures pushing higher. The Antipodeans led

gains as focus fell on local data. New Zealand's March trade data matched

projections, but exports rose to a record high. BBG cited a trader source

pointing to a short squeeze in NZD after the release. Australia reported

above-forecast Q1 CPI data, prompting AUD to pop higher. Both releases can be

deemed a bit outdated given the current dynamics, but thin news flow and a

public holiday in Japan translated into a lack of any major catalysts elsewhere.

- Economic data was also watched in South Korea. Better than expected industrial

output coupled with firmer risk sentiment helped KRW become the best performer

in Asian EM basket. Breakdown figures were generally positive, a rare occurrence

for activity indicators these days. BI Gov Warjiyo reiterated that the central

bank sees USD/IDR weakening to IDR15,000 by year-end.

- Today's data highlights include advance U.S. GDP, flash German CPI and EZ

sentiment gauges. That said, the Fed's MonPol decision will steal the limelight.

We will also hear from Riksbank's Breman.