The greenback initially traded stronger.......>

FOREX: The greenback initially traded stronger against all other G10 currencies

with the exception of the JPY in early Europe as markets reacted to the passage

of a resolution to the US government shutdown.

-However, the USD gave back all of its gains and turned lower on the day in NY.

-Eur/Usd rallied to $1.2250, recovery efforts made a brief show above $1.2300

before profit take sellers emerged off the high.

-Cable once again traded above $1.4000, the rate extended to fresh post-Brexit

highs of $1.4027 but was quick to pare gains with a reversal to the $1.3965/70

area. Eur/Gbp touched pullback lows of Gbp0.8761.

-As the USD weakened across the board, Usd/Jpy eased to Y110.25 with added

weight from the DXY which printed 3-year lows of 90.06.

-AUD remained elevated, Brent Crude's break of $70 with added support from

Eur/Usd saw the rate briefly touch recovery highs of $0.7998. The pair will look

to close above $0.80 before challenging the next resistance area of $0.8030/40.

-On the calendar tomorrow PMI readings across Europe start with France at

0800GMT. UK Jobs data follows at 0930GMT.