After stalling around 97.200 once again......>

DOLLAR: After stalling around 97.200 once again towards the North American close

yesterday, the dollar is marginally weaker as the European trading day begins.

Overnight, China's Global Times Editor in Chief tweeted that speculation of an

extension to the trade negotiations was "inaccurate". This follows a Bloomberg

story that Trump would push back higher tariffs on chinses imports by 60 days.

- The latest noises out of Washington seem to point towards President Trump

moving towards accepting the border security proposal, avoiding a second

government shutdown although there are also reports that he will try to find

funds for the wall from elsewhere to save face.

- Retail sales for December are the key US release for today with PPI and

business inventories also due for release. We are also due to hear from

Philadelphia Fed President Patrick Harker.

- If the DXY can break above 97.200 there is some weak resistance around 97.50

ahead of the 2018 high of 97.711 (reached Dec14). Support has been found around

and just below the 61.8% retracement from 95.029-97.711 at 96.686 in recent

days.