It was a mixed Asia-Pac session, with the.....>

FOREX: It was a mixed Asia-Pac session, with the souring outlook for the

Sino-U.S. relationship weighed against hopes that further economic re-opening

will proceed smoothly. The yuan was battered after the re-opening of onshore CNY

trade, even as the PBoC continued to lean against the currency's weakness and

fixed its USD/CNY mid-point lower still & shy of expectations. USD/CNY & USD/CNH

both showed at their strongest levels since Sep 2019. Spot USD/HKD was stable

despite jitters surrounding the Security Law debated in the city's legislature.

- USD and JPY are heading for the London session as the best G10 performers,

closely trailed by CAD. EUR & the Scandies lost some ground, but all of these

moves have occurred within fairly tight ranges. EUR/USD is testing its 100-DMA

at typing, with EU Commission Pres von der Leyen set to present the bloc's

economic recovery plan to MEPs today. The single currency ignored comments from

ECB's Schnabel, who told the FT that policymakers might add stimulus if needed.

- Today's economic docket is pretty light, features French consumer confidence.

On the speaker slate we can find Fed's Bullard & Bostic, ECB's Lagarde, de

Guindos and Enria, as well as Riksbank's Skingsley.