The fallout from the U.S. killing of a top....>

FOREX: The fallout from the U.S. killing of a top Iranian military commander,

noted over the weekend, encouraged participants to start the session on a

cautious note. However, the initial risk-off mood has faded somewhat, perhaps on

the back of lack of any hard-line retaliation by Tehran thus far.

- The Antipodeans have clawed back their initial losses, but SEK still shows

some weakness. CHF benefits from a modest safe haven demand, while CAD has been

propped up by firmer oil prices. USD/JPY has recovered from worst levels after

having a look under Friday's lows.

- Chinese Caixin services & composite PMIs, due shortly, will be followed by a

number of analogical readings from across the globe later in the day. German

retail sales and EZ PPI are also on the docket.