The kiwi has faded across the G10 currency....>

FOREX: The kiwi has faded across the G10 currency board after the RBNZ's

response to an Official Information Act request re: unconventional monetary

policy hit the wires. New Zealand's central bank said that they have "begun

scoping a project to refresh our unconventional policy strategy and

implementation," while work is "at a very early stage."

- Meanwhile, RBA Assistant Gov Kent pushed back against the possibility of the

RBA reverting to QE. He also noted that AUD would likely be stronger without the

recent cuts to the cash rate from the RBA. The Aussie has ignored his comments.

- The yen briefly showed some strength before faltering as the Nikkei 225 opened

on a front foot and has advanced since. U.S. dollar is the best G10 performer at

writing, albeit at the margin.

- Highlights today are EZ consumer confidence, U.S. existing home sales and the

announcement of the result of Tory leadership election in the UK.