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Tuesday provided a relatively subdued.........>

FOREX
FOREX: Tuesday provided a relatively subdued Asia-Pac session. CAD topped the
G10 FX board, possibly driven by touted CAD/JPY buying. USD/CAD extended further
to the downside after the breach of channel base support Friday. Also worth
mentioning that PM Trudeau said he & U.S. Pres Trump will seek the release of
Canadian citizens detained in China. 
- USD outperformed all of its G10 peers save CAD. GBP had muted reaction to a
Telegraph report which stated that "British & European officials are discussing
the possibility of extending Article 50 amid fears a Brexit deal will not be
completed by March 29." AUD shrugged off a narrower than exp. AU trade surplus,
while JPY traded mixed, roughly tracking gyrations in risk appetite. 
- EUR underperformed as Brexit impasse & the "yellow vests" protest in France
persist, although there was little in the way of headline flow to drive EUR
lower. Monday saw the Italian gov't approve a decree with the goal of shoring up
Banca Carige, offering the lender access to several state-support options,
including recapitalisation. 
- Focus today turns to German industrial output & EZ consumer confidence.

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