USD remains on the back foot following........>

FOREX: USD remains on the back foot following Wednesday's monetary policy

decision from the FOMC. Members stood pat on policy as expected, but Fed Chair

Powell noted that only a "significant, persistent" move higher in inflation

could warrant a rate hike. DXY hovers just above y'day's multi-month lows.

- GBP holds steady even as poll gap between the two major parties has slightly

narrowed. Voting in UK general election gets underway in the London morning.

- NZD has drifted south. The local food price index accelerated decline in

November, but the immediate reaction was very muted.

- SEK outperforms in the G10 FX space after a good showing yesterday, when it

was boosted by a beat in domestic CPI. CHF is also fairly solid.

- KRW opened firmer in a delayed reaction to a post-FOMC sell-off in USD. 

- The ECB and SNB pick up the policy baton today. BoJ Dep Gov Amamiya speaks at

typing, BoC Gov Poloz will appear later today. German and French CPIs, Swedish

unemployment and EZ industrial output take focus on the data front.