Chinese yuan gained some poise early on as....>

FOREX: Chinese yuan gained some poise early on as markets absorbed Saturday's

denial by a U.S. Tsy official of a BBG report released a day earlier, which

stated that the White House considers delisting Chinese firms from U.S. bourses

and other moves that would limit Chinese access to U.S. financial mkts. However,

the yuan has gradually retraced the move as investors noted that U.S. Tsy's

communique didn't address the potential for other measures against China.

- Selling pressure in NZD has been evident over the last hour or so, making the

kiwi the worst G10 performer. The currency showed a modicum of strength as local

building approvals picked up, but has slid thereafter. A deterioration in NZ

business sentiment, as per the latest ANZ survey, has kept the outlook bearish.

- South Korean industrial output contracted more than expected, which has

applied weight to KRW. USD/KRW opened above the KRW1,200.00 mark.

- Remaining data releases in Asia include Chinese off'l & Caixin (m'fing) PMI

numbers. German docket is quite heavy today, with jobs numbers, retail sales and

flash CPI all due. EZ unemployment, flash Italian CPI and U.S. Chicago PMI also

hit today. Riksbank's Ohlsson is the sole central bank speaker.