AUD sank after a double-whammy of a bleak.....>

FOREX: AUD sank after a double-whammy of a bleak Aussie jobs report and a slew

of underwhelming Chinese activity indicators. Aussie unemployment rate unexp.

crept higher as employment & participation shrunk, with -ve revisions & upticks

in underutilisation/-employment completing the dismal picture. Chinese jobless

rate edged lower but retail sales, industrial output and fixed-asset investment

missed estimates, with the latter number falling to a historic low.

- Chinese data inspired an evident risk-off reaction against the existing

backdrop of uncertainty re: U.S.-China trade talks; White House's Navarro

downplayed an earlier WSJ report re: a deadlock over farm purchases. The yuan

remained surprisingly resilient. JPY topped the G10 pile, CHF was the runner-up.

- KRW ltd amid risk-off, opened an hour late due to college exams in S. Korea.

- TRY faded after a joint presser from Turkish & U.S. Presidents left an

impression that the key sticking points remain unresolved.

- The focus turns to flash German & EZ GDPs, Swedish unemployment, UK retail

sales and U.S. PPI. The central bank speakers' docket is very densely packed, we

will hear from Fed, ECB & Riksbank members, including Fed Chair Powell.