EUR on top as ECB signals change........>

EURO-DOLLAR: EUR on top as ECB signals change could be coming

-After reports yesterday suggested the ECB's June 14 meeting was very much

'live', the ECB's Chief Economist Praet appeared to confirm the prospect,

stating that it is "clear the ECB will have to assess an APP unwind next week".

Praet's comments, and some accompanying signals from Knot, have underpinned

EUR/USD's 2.5% recovery from the 2018 low printed last week.

-JPY was the worst performer for a second session, with USD/JPY briefly topping

the 200-dma at Y110.21. A close above this mark will be pivotal for a

longer-term rally, with 10yr treasury yields so close to 3%.

-GBP initially benefited from continued speculation that Labour's Brexit policy

U-turn could be the beginning of a march towards a softer Brexit, but the

realisation that this is unlikely to be the case has seen GBP/USD throughout NY

and look to finish broadly flat.

-Tomorrow sees Eurozone GDP, weekly US jobless claims, a 10-, 15- and 20-year

French bond auction and speeches from the Bank of England and Bank of Canada.