Today's Asia-Pac session was subjected to a...>

FOREX: Today's Asia-Pac session was subjected to a batch of regional data

releases. Early in the session, strong AU private capex data (at least on a

headline & estimate basis, as it could prove to be a little more questionable

under the surface) allowed AUD to sit at the top of the G10 leaderboard, while

NZD fell to the bottom, weighed on by a soft NZ biz. confidence print. Weaker

than exp. Chinese PMIs then dragged AUD back to unch. levels & generated further

underperformance for NZD, before kiwi gradually recovered (albeit to a degree).

- JPY traded mixed, as it failed to exploit a post-China PMI moderation in risk

sentiment, coming under pressure from disappointing Japanese industrial output

and retail sales prints. CHF outperformed, seemingly benefitting from modest

safe haven demand.

- Sterling fell to the bottom of the G10 pile, as it experienced a modest

pullback from recent YTD highs.

- Focus today turns to U.S., French & Swedish GDPs, as well as CPI prints from

across the EZ. Elsewhere, Fed's Clarida, Bostic, Harker & Kaplan, as well as

Norges Bank Gov Olsen are set to speak throughout the day.