DXY last sits at 96.25, 9 pips better off,...>

DOLLAR: DXY last sits at 96.25, 9 pips better off, after finishing virtually

unch. yesterday. DXY ebbed lower in the European morning before bouncing from

worst levels on the back of stronger than exp. U.S. GDP & Chicago PMI prints.

- Also yesterday, White House's top evon adviser Kudlow told CNBC that

Washington and Beijing are on the verge of signing a "remarkable historic deal,"

while BBG cited sources familiar with the matter claiming that "U.S. officials

are preparing a final trade deal, that U.S. Pres Trump & Chinese Pres Xi could

sign in weeks." Meanwhile, the long awaited Trump-Kim summit was cut short, as

both sides struggled to find common ground.

- Fed Chair Powell spoke today, but offered little new, reiterating that the

U.S. econ is "in a good place," which allows the Fed to remain patient.

- DXY bulls look to the 100-DMA at 96.45, followed by the Feb 22 high of 96.78,

while bears initially target 95.82, where the rate bottomed yesterday.

- U.S. focus today turns to domestic ISM & Markit m'fing PMIs, U. of Mich.

sentiment and personal income/spending data, as well as remarks from Fed's

Bostic.