The Antipodeans declined after Chinese........>

FOREX: The Antipodeans declined after Chinese trade data (from over the weekend)

revealed that trade surplus shrank in Nov on the back of an unexpected fall in

exports coupled with a surprise pick-up in imports. Continued angst and concern

about U.S.-China trade talks added weight to AUD & NZD as the Dec 15 tariff

deadline looms large. A BBG trader source cited sales in the Antipodeans as the

FT reported that China has ordered state offices to remove foreign technologies.

- GBP edged higher as polls continue to put the Tories comfortably in the lead.

That said, cable failed to threaten Thursday's/Friday's highs of $1.3166.

- Edaily cited South Korean Vice Finance Minister Kim as saying that Seoul will

take timely measures if needed to stabilise the FX market.

- MXN firmed up as Mexico accepted U.S. demands on steel in USMCA, albeit under

certain conditions. Worth noting the move was delayed relative to headlines.

- TRY was hit as CBRT changed banks' reserve requirements to boost loan growth.

- Due today are Canadian housing starts and building permits, German trade

balance, Norwegian GDP and Japanese Eco Watchers Survey. Central bank speaker

list is virtually empty, with the Fed in its blackout period.