Enthusiasm surrounding the touted.............>

FOREX: Enthusiasm surrounding the touted U.S.-China tariff roll-back agreement

dissipated as fresh comments muddied the water. Although a round of risk-on

flows emerged as White House spokeswoman was "very optimistic" on the trade

deal, the reaction was promptly corrected with White House trade advisor Navarro

denying that there has been any agreement to remove existing tariffs.

- High-beta FX lost ground eventually & safe havens regained some poise as

participants grew sceptical toward earlier trade optimism. AUD landed at the

bottom of the G10 basket; it slipped as the RBA's SoMP included a downgrade to

the 2020 growth forecast, talk of slow wage growth keeping domestic inflation

pressures in check, and a mention of "other policy options" being considered.

- The yuan was unfazed by a wider than forecast Chinese trade surplus,

underpinned by beats in both exports and imports. Elsewhere in Asia, INR

softened after Moody's lowered India's outlook to negative from stable.

- German trade balance, Canadian unemployment, housing starts & building

permits, French industrial output and U.S. U. of Mich. Survey take focus from

here. Fed's Daly, BoC's Beaudry & Norges Bank's Matsen are due to speak.