DXY has slipped 6 pips so far and last.......>

DOLLAR: DXY has slipped 6 pips so far and last sits at 96.44, after the U.S. and

China both praised the current level of progress in their bilateral trade

negotiations. U.S. President Trump announced that Washington will delay its

deadline for the next round of tariffs on China, and that he is preparing for a

March presidential summit with Chinese leader Xi.

- WTI & gold trade barely changed at writing.

- The dollar index fell 10 pips Friday, as U.S. Tsy yields declined.

- DXY bears look to the nearby 96.42 level, which represents the 100-DMA. A fall

below would open up the 50-DMA at 96.30. Conversely, bulls initially eye

Friday's peak at 96.78.

- U.S. focus today turns to remarks from Fed Vice Chair Clarida.

- Looking ahead to month-end flows Nordea have suggested that "SEK, NOK and GBP

should see modest selling pressure into month-end due to portfolio rebalancing."

While Barclay's preliminary month-end rebalancing model produces weak USD

selling signals vs. all majors (EUR, GBP, JPY, CAD & AUD).