The major G10 pairs have stuck to tight.......>

FOREX: The major G10 pairs have stuck to tight ranges, with a lack of headline

flow apparent in early Asia-Pacific hours.

- AUD knee-jerked lower after a softer than forecast domestic retail sales

print, but this was immediately offset by the release of a wider than exp.

Aussie trade surplus. NZD has outperformed among the G10 currencies. The

Antipodeans have been aided by comments re: fiscal stimulus from the Chinese

FinMin over the last few minutes, although he did stress that the country will

not pursue flood-like stimulus.

- JPY has drawn support from a negative start for the Nikkei 225.

- USD has fallen to the bottom of the G10 pile, with DXY ebbing 4 pips lower

thus far.

- Focus today turns to the ECB MonPol decision, EZ GDP (f) and U.S. initial

jobless claims. Elsewhere BoE's Tenreyro, Riksbank's Ingves & Skingsley, BoC's

Patterson and Fed's Brainard will speak.