With the exception of the Scandis it has......>

FOREX: With the exception of the Scandis it has been relatively quiet in FX so

far today with all other currencies within 0.2% of their close against the USD

today. The market is looking ahead to the Fed later for direction, but the

meeting is likely to be fairly uneventful with any discussion over changes to

IOER likely to be reserved for the Minutes.

- EURSEK has broken through some key technical levels (200-dma/lows of Sep/Oct)

and has continued its move lower through the session. Ingves and Floden were

testifying before parliament but there didn't seem to be any "new" headlines.

- SEK has dragged NOK stronger as NOKSEK hits support at the 200-dma.

- EURUSD hit a session low following poor German retail sales this morning but

retraced most of its losses within a few minutes to what is a very volatile

release. However, it does hint that the euro is vulnerable to poor German data.

- NZD is a little lower on the day following the RBNZ rate decision. It removed

its language that the next move in the OCR could be up or down but Gov Orr

stated in the press conference that he isn't taking the possibility of a rate

cut off the table.