DXY last seen at 97.87, virtually............>

DOLLAR: DXY last seen at 97.87, virtually unchanged on the day. WTI last trades

~$0.2 lower, with gold ~2.4 higher.

- Monday saw DXY move further away from Friday's YTD high of 98.33, as the index

closed 15 pips lower. The rate dipped into the European morning before advancing

in the London/NY crossover and testing 98.10. A decline into the London fix was

extended thereafter, and the index finished in the red.

- Worth noting the dollar index knee-jerked lower, as PCE figures undershot

expectations. Elsewhere, personal income also missed forecasts, while personal

spending was higher than exp.

- Another round of U.S.-China trade negotiations kicks off in Beijing later

today. U.S. TR Lighthizr e& U.S. Tsy Sec Mnuchin will meet Chinese VP Liu,

before the latter travels to D.C. next week.

- A breach of the 21-DMA, located at 97.39, would allow DXY bears to gain some

downside momentum. Conversely, bears look to the aforementioned YTD peak.

- U.S. focus today turns to domestic consumer confidence & MNI Chicago PMI. Fed

members are on their media blackout ahead of Wednesday's FOMC MonPol decision.