The MXN drew the most attention in early......>

FOREX: The MXN drew the most attention in early dealing, advancing on weekend

reports pointing to the possibility of a bilateral deal between the U.S. &

Mexico in the early part of this week, which would then bring Canada to the

negotiating table, further supplemented by positive rhetoric from Mexican

policymakers & U.S. President Trump.

- There was a swift fall in the JPY pairs, with no headline catalyst/spillover

into the wider asset classes as USD/JPY briefly traded sub-Y111.00. The pair has

regained the figure & trades back above the 50- & 55-DMAs.

- NZD advanced in early dealing, aided by AUD/NZD sales & CNH strength, but the

kiwi's strength faded as USD/CNY & USD/CNH moved higher not long after the

Chinese onshore markets opened for trade. EUR/USD also surged on the initial

bout of CNH strength, but the pair has faded to near unchanged last.

- GBP has been unreactive to the latest round of Brexit related headlines.

- It is a thin docket to start the week, with the UK out on holiday Monday &

German IFO headlining. Highlights later this week include U.S. & Canadian GDP,

U.S. PCE, EZ CPI, Official China PMIs & the BoK MonPol decision.