It has been a slow start to a busy week,......>

FOREX: It has been a slow start to a busy week, with light risk-on flows

apparent as broader recovery in risk appetite continues. Focus in early Asia-Pac

trade has fallen on mixed signals re: U.S. treatment of Huawei. Seemingly,

however, U.S. President Trump's remark that "we're not going to do business" has

failed to quell optimism inspired by press reports from over the weekend

suggesting that U.S. Commerce Dep't may extend its permission for the Chinese

tech giant to buy supplies from U.S. producers.

- AUD leads gains among the G10 FX at typing, with CHF sitting at the bottom of

the pile, while NZD also struggles somewhat. Most G10 crosses have fluctuated

around neutral levels so far.

- Japanese Jul trade deficit was wider than projected, after a Y589.6bn surplus

registered in Jun. Both exports and imports shrunk, but less than expected. JPY

has shrugged off the release.

- Final EZ CPI provides today's data highlight, with no central bank speeches on

the docket.