The early part of the session saw a fresh.....>

FOREX: The early part of the session saw a fresh leg lower for the USD. No

headline catalysts were observed & the move was likely follow through from U.S.

Pres. Trump opposing the Fed's MonPol stance late Monday. This allowed USD/JPY

to move to a low of Y109.78, while EUR/USD spiked higher through $1.1500 to a

high of $1.1542 as EUR/GBP had a brief look above $0.9000 before easing.

- The USD regained a degree of poise as the Nikkei recovered & USD/JPY ticked

back above Y110.00, as the rate failed to consolidate below the 200-DMA for the

time being.

- The greenback failed to mount a notable recovery against the reminder of the

majors.

- The AUD/USD had little reaction to a leadership challenge for PM Turnbull, in

which he was victorious. On the MonPol front RBA Gov. Lowe & the minutes from

the RBA's most recent meeting held little in the way of fresh material

information. AUD/USD operates around best levels, above the Aug 03 low

($0.7348), with bulls now looking to channel top resistance ($0.7453).

- Focus now falls on UK Brexit Min Raab's visit to Brussels later today.