It has been a quiet start for the major FX....>

FOREX: It has been a quiet start for the major FX pairs, with GBP shrugging off

weekend comments from UK Trade Min Fox, who stated that the chance of a no deal

Brexit scenario is 60-40.

- On Friday, the PBoC's move to increase the cost of shorting the CNY saw some

short-term relief for CNH, which dragged the AUD with it. Nonetheless, the

policy change wasn't sufficient to press USD/CNH through Thursday's low, the

change comes into effect today.

- The deadline change in NFP missed exp., but underlying labour market strength

was evident in upward revisions to prior month's estimates and consistently high

average hourly earnings. This meant little to the USD, with the DXY finishing

the session in minor negative territory, but still toward the upper end of the

week's range.

- JPY remained strong, pulling back almost 100 pips from the week's lowest

levels against the USD, with USD/JPY bears now eyeing the 50-DMA at Y110.72.

- A slew of Chinese data, RBA & RBNZ MonPol decisions, BOJ summary of opinions

from July MPM, Japanese & UK GDP & Canadian labour mkt data headline this week.