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EQUITIES

Hong Kong Bucks Broadly Negative Trend

US TSYS

Oil Adding Some Pressure

AUSSIE BONDS

Steepening Pressure Lingers

KOREA RATES

20-Year Auction Results

AUSTRALIA DATA

Australia Aug Retail Trade -1.7% M/M

JGBS AUCTION

PREVIEW: 40-Year JGB Supply Due

FOREX
FOREX: The USD has edged lower in early dealing this week, with the yuan on the
front foot as mkts breathed a sigh of relief after the U.S.-China trade spat
failed to intensify over the weekend.
- GBP moved away from best levels after UK Brexit Min Davis resigned, following
an early bid as the "soft Brexit" outcome from Friday's ministerial summit
aided, although reports pointing to a potential leadership contest & Brexiteer
Rees-Mogg noting that he will vote against the proposed Brexit deal capped GBP
before the Davis story broke.
- EUR ignored earlier comments from ECB's Coeure, along with a WSJ report which
noted that "the ECB recently received legal advice that a French member of its
executive board, Benoit Coeure, could be elevated to president."
- AUD/USD also moved higher as risk sentiment improved, AUD/USD now eyes $0.7481
(High June 15). NZD/USD moved higher with bulls looking to $0.6845 (low from
June 26) followed by $0.6867 (21-DMA).
- Risk events Monday include ECB's Draghi & Nowotny, Fed's Kashkari & BOE's
Broadbent
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com