EUR hits week's lows as ECB (reportedly)......>

FOREX: EUR hits week's lows as ECB (reportedly) question forecasts

-The greenback gained against most others Tuesday, with a poor performance from

the EUR and GBP in particular helping prop up the USD. Various ECB sources

reports crossed, firstly suggesting that several ECB policymakers doubt the

bank's economic projections H2 and some have questioned the forecasting models

themselves. GBP underperformed the EUR from the off, as reports that Brexit

discussions between the major UK parties had "stalled" squashed hopes of a

near-term resolution.

-In EMFX, BRL underperformed as local reports suggested further friction between

the country's economy minister and President, following further criticism of the

government from the lower house speaker Maia, slowing the progress of the

country's pivotal pensions reform. USD/BRL briefly traded above 3.90, hitting

the best levels since late march.

-Japanese & US trade balance, UK & Eurozone inflation data crosses Wednesday as

well as speeches from BoE's Carney, ECB's Villeroy & Lautenschlaeger and Fed's

Bullard & Harker.