As the USD stages a minor recovery at the.....>

FOREX: As the USD stages a minor recovery at the European close, major currency

pairs trim gains. USDJPY improves to Y111.30, the dollar index touches 94.61 and

UST yields hold firm (10y 2.9652%). AUDUSD eases to $0.7414 but is still top of

the G10 pile with gains of 0.50%. GBP (+0.30) is closely followed behind and has

largely consolidated PM May remarks that she will lead Brexit negotiations.

EURUSD trades back under $1.1700, while gold loses $4 to $1225. EURSEK holds

near the base of its Sek10.3142-10.3723 range with key support from the 100-dma

at Sek10.3036. TRY has trimmed some of the day's losses following the central

bank's unexpected decision to leave rates on hold, but is still registering

losses of over 2%, last Try4.8760.