A degree of risk aversion had crept into......>

FOREX: A degree of risk aversion had crept into the G10 FX space and accelerated

through the release of Australian labour market data, but moderated eventually.

The initial risk-off flows were likely inspired by the formal measures

implemented by U.S. President Trump vs. Huawei.

- AUD crosses dipped to fresh session lows in reaction to an uptick in

unemployment rate, but quickly clawed back the bulk of the losses, as

participants turned focus to better than expected participation and employment

figures. Nonetheless, the Antipodeans remained the worst G10 performers, as they

had already struggled before the release.

- The yen outperformed its G10 peers, albeit rather narrowly, drawing strength

from a softer Nikkei 225.

- U.S. housing starts/building permits, EZ trade balance & Italian CPI take

focus today. Central bank speakers include ECB's Praet, Weidmann, de Guindos &

Coeure, Riksbank's Ingves & Floden, BoE's Haskel, as well as Fed's Quarles,

Kashkari & Brainard.