European PMIs have been the key story in......>

FOREX: European PMIs have been the key story in G10 FX this morning with EURUSD

almost touching Monday's high of 1.1114. However, outside of France which is

still seeing positive momentum following the end of the gilet jaunes protests,

the details still appeared very weak. This has limited the rally from extending

further.

- SEK is the biggest mover of the day in G10 space with EURSEK moving around0.5%

higher, largely retracing the moves lower seen yesterday. A higher unemployment

rate has not helped but was not the driver while we note that the main topics of

the budget bill will be presented today.

- Much of the rest of G10 space has only seen minor moves on the day.

- TRY has continued its recent weakening with USDTRY 1.25% higher on the day at

the time of writing.

- Asian FX is underperforming today with Chinese trade headlines not helping the

region. Headlines from the Commerce Ministry have said that China will need to

retaliate if the US presses ahead with additional tariffs.