The USD has edged lower in early dealing......>

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