Over the weekend reports noted that North.....>

FOREX: Over the weekend reports noted that North Korean leader Kim has agreed to

suspend nuclear & missile tests, but subsequent reports noted that US President

Trump will tell Kim to first dismantle the sites and denuclearise before

economic sanctions can be lifted.

- This led to a lack of impetus in markets, despite positive developments on the

US-China trade front. USDJPY edged higher to trade at 107.80.

- GBP added 20 or so pips to trade at ~1.4020. Reports suggested that UK PM May

may be open to staying in the customs union, but that has been brushed aside by

Downing St. following reports of further internal dissent within the ruling

Conservative Party.

- EURUSD moved further away from the 1.2300 level, shedding 15 or so pips to

last deal at ~1.2270, while the AUD, CAD & NZD struggled for any real direction.

- USDHKD benefitted from IPO chatter, which has allowed the cross to edge away

from the top end of its permitted trading band.

- Asian hours were light on tier 1 risk events, with focus set to fall on

Eurozone flash PMIs, a speech from ECB's Coeure & a speech from BoC Gov. Poloz.