Yesterday's FOMC MonPol decision has..........>

FOREX: Yesterday's FOMC MonPol decision has remained in focus, with investors

digesting the central bank's declaration that it might cut its policy rate if

outlook worsens, although not yet. USD has been the worst G10 performer,

extending yesterday's losses.

- The kiwi has outperformed in the G10 FX space after the release of NZ Q1 GDP

figures. The Y/Y print topped expectations, while the prior reading was revised

higher. Worth adding a caveat - growth held at the slowest pace in 5 years.

- Swiss franc has also gained some traction, with no single catalyst apparent.

- USD/KRW fell below its 50-DMA for the first time since March at the open, but

recovered a touch since.

- Points of note today include MonPol decisions from BoJ, BoE and Norges Bank,

UK retail sales, EZ consumer confidence and U.S. Philly Fed Survey. Speeches

from RBA Gov Lowe, ECB's de Guindos, Rehn & Enria, Norges Bank's Olsen,

Riksbank's Floden and BoE's Carney are also worth noting.