The kiwi has been offered after Westpac.......>

FOREX: The kiwi has been offered after Westpac published an analytical piece

noting that they expect the RBNZ to cut the OCR to -0.5% in November. Westpac's

comments come after the recent bout of RBNZ communique, outlining various

options of strengthening monetary easing, including negative interest rates.

There has been little to drive the move elsewhere and AUD declined as well, on a

lead from across the ditch. AUD/NZD has extended yesterday's gains past the

NZ$1.0700 mark.

- NOK tops the G10 pile, perhaps in a follow-through from yesterday's strength.

Otherwise, the space moves in a lacklustre manner, with participants on the

lookout for fresh catalysts.

- U.S. Conf. Board Consumer Confidence & wholesale inventories, French consumer

confidence, as well as Swedish retail sales and trade balance take focus on the

data front. The Riksbank delivers its MonPol decision today.