Broader yuan strength came to the fore in.....>

FOREX: Broader yuan strength came to the fore in the second half of the session,

with USD/CNH breaking below its 200-DMA, spilling over into the Antipodeans,

pushing AUD & NZD to the top the G10 currency table. News flow was light. 

- This came after JPY outperformed in the first half of the session, aided by

apparent risk aversion, after the WSJ released an interview with U.S. Pres

Trump, who put chances of a bi-partisan deal to avert another gov't shutdown in

3 weeks at 50/50. However, yen strength waned as Japanese stocks recovered from

worst levels & yuan grew firmer. 

- USD remained at the bottom of the G10 table, extending on Friday's weakness

that was triggered by a WSJ report focusing on an early hault of the Fed Balance

sheet unwind & the aforementioned yuan strength. 

- Today's economic docket is rather data-light, but the speakers' slate includes

ECB's Draghi, Nowotny & de Cos, BoE's Carney, Broadbent & Ramsden, as well as

Riksbank's Jochnick. Worth mentioning Chinese trade reps arrive in Washington

today to commence trade talks with the U.S & there is also the potential for the

U.S. Tsy to reveal its forecasts for its end-quarter cash balance later Monday.