Post-U.S. labour market report USD demand.....>

FOREX: Post-U.S. labour market report USD demand continued through Asia & into

Europe Monday, aided by concerns after U.S. Pres. Trump threatened increased

import tariffs on China.

- Strong EUR/USD sales emerged in early Europe which took the rate through its

recent low (Sep 04) of $1.1530 before it ran into strong demand that based the

move at $1.1526, before recovering to ~$1.1600.

- Cable further extended its pullback low, off Friday's high of $1.3028, to

$1.2897, before it tracked EUR/USD higher, accelerating on the back of stronger

than forecast UK GDP data. The rate extended gains as EU Brexit negotiator

Barnier stated that 'a Brexit deal is realistic in 6-8 weeks', hitting a high of

$1.3052. The move outpaced EUR/USD's recovery, which allowed EUR/GBP to dip

under GBP0.8900. Cable settled around $1.3020 in NY afternoon trade.

- USD/JPY kept to recent levels ~Y111.00, as EUR/JPY tracked EUR/USD moves.

- Commodity tied FX remained defensive. AUD & NZD printed multi-year lows of

$0.7097/0.6513 respectively, while USDCAD stalled ahead of C$1.3200.

- UK labour market data & the German ZEW survey headline on Tuesday.