Trump-Kim meeting ends with no agreement,.....>

FOREX: Trump-Kim meeting ends with no agreement, SEK outperforms.

- Risk-off spilled over into Europe following White House headlines that said

'no agreement' was reached between Trump-Kim. 

- Safe-haven flows saw CHF & JPY sit top of the pile. USDJPY rejected a break of

Y111.00 with the retracement extending to Y110.66. USDCHF traded back through

parity to Chf0.9956 with the 100-dma at Chf0.9960 seen key at the close.

- Despite a slightly weaker Saxony CPI m/m reading, EURUSD extended the slow

grind to $1.1394, but has so far rejected a move above $1.14, a level that has

proved hard to overcome in recent sessions.

- Sterling witnessed some light profit taking off yesterday's multi-month highs

of 1.3350. GBPUSD based at 1.3272, before recovering above $1.33.

- SEK outperformed after the release of much stronger-than-expected domestic GDP

data. EURSEK gapped lower to Sek10.50, before second wave sales extended to

Sek10.4656.

- A reminder today that month-end bank models are suggesting stronger USD sales

for today's fixings.