The USD edged lower after the Washington......>

FOREX: The USD edged lower after the Washington Post reported that US Special

Counsel Mueller has raised the possibility of a presidential subpoena in a tense

meeting with Trump's legal team.

- USDJPY moved to lows of 109.65 on the headline, and last trades at 109.75.

Sources point to offers above 110.00, and they believe that fresh bids should

occur near 109.45/50.

- NZDUSD was choppy over the latest NZ labour market report, with a brief spike

higher in the NZD on the back of the strong AHE print, with NZDUSD touching

highs of 0.7027. However, the move was faded, the private wage metrics were a

tad soft, as was the participation rate & the y/y employment change. Bids came

back in, NZDUSD last deals at 0.7015. Macro seller types pressured AUDUUSD to

0.7476, a fresh YtD low, before recovery to 0.7502.

- EURUSD reclaimed 1.20, as GBPUSD shrugged off the latest Q's over the Irish

border & PM May's leadership to trade at 1.3615. Comments from BoC Gov. Poloz

re: less stimulus needed/rates low vs. neutral helped USDCAD lower to 1.2830.

- FOMC MonPol decision, EZ GDP & PMIs & ECB's Weidmann are due on Wednesday.