Risk aversion still in play as the............>

FOREX: Risk aversion still in play as the U.S./Asia crossover saw the House of

Representatives give a green light to the Senate's Hong Kong bill, with a BBG

source suggesting that the POTUS is planning to sign it into law. Trump's own

criticism of China's failure to "step up" in negotiations did little to improve

sentiment, as it followed a RTRS piece stating that talks may drag on into 2020.

U.S.-China headlines have dominated the otherwise quiet regional news flow.

- Safe haven currencies outperform their high-beta peers from the G10 basket,

with JPY on the lead and NZD helping to bring up the rear.

- KRW has fallen prey of U.S.-China tensions and South Korean trade figures for

the first 20 days of the month, which extended this year's losing streak.

- China's state media have telegraphed Beijing's ire with U.S. Hong Kong bill.

USD/CNH managed to penetrate the CNH7.0500 level, which capped gains yesterday.

- Today's docket features U.S. existing home sales and Philly Fed Survey, as

well as EZ consumer confidence and the minutes from the ECB's Oct monetary

policy meeting. Fed's Mester and Kashkari, BoC's Poloz and ECB's Mersch and de

Guindos are set to speak.