The dollar index has edged lower in early....>

DOLLAR: The dollar index has edged lower in early Asia-Pacific dealing with

questions aplenty surrounding the US trade policy outlook, in turn casting

questions over the fundamentals behind the greenback.

- Risk appetite picked up after an ABC sources piece suggested that US Treasury

Secretary Mnuchin has urged Trump to exempt Canada from the steel & aluminium

tariffs. Although the piece noted that not all of the advisers present,

including trade hawk Peter Navarro, were in agreement, according to two sources

familiar with the conversations. They say the group has been known to harbour

ideological differences on major economic issues and the meeting adjourned

without any clear resolution to the matter.

- The JPY is the underperformer on the session thus far, although USDJPY hasn't

managed to mount a meaningful re-test of 110.00 as of yet.

- The next notable level of downside interest for the DXY comes in at the 21-DMA

(93.626).