EU Juncker comments during the European.......>

FOREX: EU Juncker comments during the European morning were seen supporting

recent Brexit softer tone from EU Barnier and helped to buoy sterling, cable

rallied to $1.3048 and pulled EUR/USD up to $1.1605. However, the USD was able

to pare back these early losses as source reports (Bbg) suggested the ECB will

lower its growth outlook. EUR/USD eased to $1.1572, cable to $1.2980 into the NY

open. The USD came under fresh pressure into US trade, US PPI was softer than

forecast but a DJ source report suggesting the US was proposing fresh trade

talks with China in the near future prompted further USD sales via risk-on trade

which lifted EUR/USD to $1.1650 into the London fix. Cable rallied to $1.3079

while commodity currencies were given an added boost, especially CAD as it was

boosted by reported comments from Mexico's Guajardo that there is a high chance

of a US-Canada deal.

- Trade developments remain a key driver, along with Brexit headlines. Market

will watch approach of Hurricane Florence which is heading toward the US East

Coast and expected to make landfall Friday. Strength could increase from current

category 4 to 5.