A quiet spell lasted uninterrupted through....>

FOREX: A quiet spell lasted uninterrupted through the Asia-Pacific session. Amid

little fresh signals, focus remained on yesterday's package of monetary stimuli

deployed by the ECB, as well as gradual de-escalation in Sino-U.S. trade spat.

Elsewhere, U.S. President Trump noted that a tax cut for middle-income Americans

will be announced sometime in the next year & mentioned that he wants a full

trade deal with China, but would consider an interim accord.

- JPY softened a touch as aforesaid trade & ECB developments supported regional

equity markets. CAD and NOK slightly faded in sync with crude oil. AUD garnered

some strength, but its Antipodean cousin failed to follow suit. Worth

highlighting that price action was very tight in the G10 FX space. No reaction

was seen to REINZ house sales & BusinessNZ m'fing PMI out of New Zealand.

- Holiday market closures in China, Taiwan and South Korea played a role in

limiting activity. USD/CNH slid breaking under yesterday's low eventually.

- Later today, we will see retail sales & flash U. of Mich. Sentiment out of the

U.S, final Swedish GDP and EZ trade balance. EU Finance Ministers & some central

bankers touch down in Helsinki for a two-day Eurogroup meeting.