DXY has recoiled and sits +11 pips at........>

DOLLAR: DXY has recoiled and sits +11 pips at 96.73 as earlier risk appetite has

waned. Continued rally above Jun 8 high of 97.07 would shift topside focus to

the 23.6% retracement of the Mar 20 - Jun 5 slide at 97.99. Bears need a drop

below Jun 5 low of 96.44 to regain the upper hand.

- WTI trades +$0.43, gold last seen -$2.17. 

- With massive protests raging across the U.S., Pres Trump accused Joe Biden of

willing to "defund" the police, which was quickly downplayed by the Democratic

presumptive nominee. Meanwhile, the Democrats unveiled their police bill, but it

will need to pass through the Republican-controlled Senate & the White House.

- Today's U.S. data docket includes wholesale inventories, but the main focus is

on FOMC monetary policy decision, due Wednesday.