The dollar sits firmer across most of G10....>

DOLLAR: The dollar sits firmer across most of G10 (except the Antipodeans). Risk

improved through Asia after the SCMP source piece which noted that the US and

China have tentatively agreed to another truce in their trade war in order to

resume talks aimed at resolving the dispute. Asian equities rallied, USDJPY

cleared Y108.00 with ease and is seen approaching down trendline resistance off

the Apr 24 high at Y108.27.

- The DXY holds toward the peak of its 96.15-37 range and is looking to improve

for the third straight session. Bulls target a break of the 200-dma & 50%

retracement level of 97.76-95.84 at 96.67/80.

- Tuesday's round of less dovish Fed speak has left gold $30 off its ytd peak.

The $1400 level has so far managed to hold and this remains critical for bulls.

Failure to do so, would return the focus to the Jun 21 low at $1382.62.

- UST yields rallied, the 10y extended its recovery towards 2.07% before fading.

- WTI & Crude are off yesterday's DoE inventories highs, but still remain at

elevated levels.