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-AUD, NZD, NOK and wider EMFX sold off........>

FOREX
FOREX: -AUD, NZD, NOK and wider EMFX sold off sharply Monday as US equities and,
in particular, tech stocks resumed their recent weakness. The main US indices
fell as much as 2% at some points of the session, helping fuel demand for safe
haven currencies and leading CHF and JPY to be the best performers of the day.
USD/JPY traded below Y112.50 as a result.
-While there were few new catalysts for the risk-off sentiment, the weekend's
comments from Mike Pence that suggest the US are happy to move forward with
fresh China sanctions maintained current frosty Beijing-Washington relations.
-GBP had another session of whipsaw price action as market volumes dimmed,
allowing large orders to push the price around markedly - evident in EUR/GBP
Monday. However GBP maintained a modicum of strength as May is yet to face a 'no
confidence' challenge from her party.
-Attention turns to RBA minutes and a speech from RBA's Lowe in Melbourne. US
housing starts and building permits data are due as well as appearances from
various BoE members, including Carney, in front of UK lawmakers.
Energy BulletsCommodities
Energy BulletsCommodities

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