The majors stuck to a tight range against.....>

FOREX: The majors stuck to a tight range against the USD in overnight dealing as

markets consolidated with a lack of fresh fundamental information apparent.

- As a result the major crosses trade around familiar levels, with the DXY

virtually unchanged. This comes after Wednesday's release of the  minutes from

the most recent FOMC MonPol meeting, which spared the USD of another drubbing as

they revealed that the central bank was more confident on the outlook for

inflation.

- The USDKRW pair has edged higher after the BoK stood pat at today's MonPol

decision (as was universally expected) with the statement revealing that the BoK

has trimmed its 2018 CPI forecast to 1.6% Y/Y from 1.7%. In his press conference

BoK Governor Lee noted that KRW strength could limit the room for further

monetary policy tightening. Lee also noted that the BoK is monitoring the drop

in the FX swap rate, stressing that the Bank can take action in the space if

required.

- Thursday brings the ECB meeting minutes, as well as comments from Fed's

Kashkari, ECB's Coeure & Weidmann & BoE's Carney & Broadbent.