Greenback undeterred by softer Treasury.......>

FOREX: Greenback undeterred by softer Treasury yields

-A modestly softer US Treasury curve has done little to deter the USD index,

which continued to add to recent gains Tuesday. The USD index topped out at

98.422 in late Asia, with bulls eyeing the early August highs at 98.932.

Newsflow has been few and far between today, with focus remaining on the FOMC

minutes and the Jackson Hole conference later in the week.

-RBA minutes came and went with little effect, followed by a minor recovery for

AUD in the late Asia/early Europe session, although AUD/USD failed to print a

fresh weekly high. Resistance remains at $0.6797/00.

-GBP resumed its downward trend, falling smartly through yesterday's $1.2105

lows to eye support at $1.2076, the 61.8% Fib for the $1.2175-1.2015 move.

Brexit news continues to clog UK press, but new developments are few and far

between Tuesday.

-Canadian manufacturing sales is the sole data point on a quiet calendar, with

more attention likely to be paid to speeches from Fed's Quarles and Daly after

the close.