The greenback has been on the back foot......>

DOLLAR: The greenback has been on the back foot against the majors thus far,

with the JPY & CHF outperforming on the broader risk off tone.

- HR McMaster has stepped down from his role as US national security advisor (in

a heavily telegraphed moved) and has been replaced by John Bolton, he is

expected to have a harder line on matters in Iran, although the JPY had been

running higher before that announcement as US equity futures continued to come

under pressure after the cash bell.

- The DXY last trades at ~89.65, as the index remains contained by its Bollinger

bands, with the band base at 89.434. To the upside initial resistance lies at 90

the figure, with Wednesday's support level of 90.011 set to act as resistance if

the figure is breached.

- With the Nikkei 225 down over 3% broader risk tones/China tariff news are set

to dominate USD sentiment for the remainder of the session.