Asian FX have picked up a bid thanks to the...>

FOREX: Asian FX have picked up a bid thanks to the de-escalation in U.S.-Iranian

tensions, after U.S. Pres Trump yesterday signalled his preference for economic

sanctions over military action vs. Tehran. KRW is the big mover of the session,

with USD/KRW hovering just above KRW1,160.00 after gapping lower at the open. 

- Little to report elsewhere as markets settle in the wake of the latest

developments in the U.S.-Iran situation. Safe haven JPY & CHF trade on a softer

note as sentiment has picked up. NZD also struggles for impetus, with no drivers

apparent behind the currency's modest weakness.

- AUD has ignored a wider than projected trade surplus accompanied by a downward

revision to the prior reading.

- USD/CNH has moved away from lows after the PBoC set its USD/CNY mid-point

slightly higher than expected. The rate still operates below yesterday's range.

- Chinese inflation data, German industrial output, Canadian housing

starts/building permits, Norwegian GDP & EZ unemployment take focus from here.

Central bank speaker list is quite densely packed, with remarks from Fed, BoE,

BoC, ECB & Riksbank members awaited later today.