The US dollar was modestly weaker across......>

FOREX: The US dollar was modestly weaker across the board during the

Asia-Pacific session, with softer US TSY yields seen to weigh. Euro-dollar

drifted throughout the European morning session, rate held near the base of its

$1.1808-37 daily range with main focus on today's ECB. Cable eased from $1.3278

to $1.3212 as eur-stg extended its recovery off yesterday's post UK GDP low of

stg0.8880 to stg0.8940. As month-end approaches traders reminded of the usual

eur-stg demand. Firmer UST yields supported dollar-yen as the pair managed to

erode some of yesterday's NY losses to Y113.80. Euro-yen held firm with trade

tied to a narrow Y134.10-49 range, key tech resistance is seen at Y134.50, a

break opens a move toward Y134.60 (Dec4 2015 high). Dovish RBA Debelle remarks

that warned sizable spare capacity in labour market and inflation may remain

subdued, took the aussie back under $0.7700. Second wave sales moved through the

200-dma to 3-mth lows of $0.7678, before it later recovered to the $0.7693/98

area.