G10 crosses have stuck to tight ranges thus...>

FOREX: G10 crosses have stuck to tight ranges thus far, with AUD falling to the

bottom of the pile (although it had little immediate reaction to the latest fall

in the CoreLogic house price index). Meanwhile, NZD showed some modest strength

early on, but this faded away gradually. 

- The yen ignored Japanese labour mkt data, which saw the unemployment rate slip

to 2.4% vs. exp. of no change from the previous 2.5%. The Nikkei 225 registered

gains & last trades ~0.6% higher. 

- Little reaction was noted to a Xinhua headline which noted that "trade talks

(between the U.S. & China) made important progress" and were "candid, specific &

fruitful." 

- G10 FX is trading pretty flat, with DXY virtually unchanged, and the major

pairs operating in narrow ranges. 

- Focus today turns to global m'fing PMIs, including Chinese Caixin print (due

within 20 minutes) & U.S. ISM print, as well as U.S. labour mkt data & EZ CPI

(core & estimate). Elsewhere, Fed's Kaplan will speak.