Corrective pullback from Friday highs...>

EURO-DOLLAR: Corrective pullback from Friday highs of $1.1722 extended to

$1.1621 in late NY trade, with late weight added by reports that US Trump wanted

to impose $200bn of trade tariffs on China despite offer of talks. early Asia

extended the low to $1.1618 before rate edged higher through the balance of a

fairly quiet session with Japan closed for Respect for the Aged Day. Rate traded

to $1.1637 ahead of Europe with fresh demand taking it on to $1.1641 as it

tracks cable's reaction to EU Barnier comments about easing the Ireland border

concerns. Resistance said to remain in place around the $1.1640 level, a clear

break to expose $1.1658 ahead of $1.1670/80. Support remains at $1.1618/09, more

toward $1.1600. EU Inflation data due at 0900GMT though not normally a market

mover, tends to confirm flash number(0.2%mm, 2.0%yy). US/China trade headlines

to be watched to gauge effect on risk outlook.