U.S.-China trade matters remain front and.....>

FOREX: U.S.-China trade matters remain front and centre, this time inspiring

some risk-on flows at the start to the week. Beijing and Washington highlighted

the "constructive" nature of the latest deputy-level trade talks, while China

played down the cancellation of an official visit to U.S. farmlands as unrelated

to the ongoing negotiations. Japanese markets are shut for a national holiday.

- A degree of selling pressure on safe haven assets was evident from the off;

JPY sits at the bottom of the G10 pile, just under CHF. The Antipodeans have

benefited from the risk-on mood, with the kiwi leading gains. Yuan has also

received a boost from revived optimism re: U.S.-China trade talks.

- Meanwhile, KRW has failed to capitalise on trade news as S. Korea's own trade

data for the first 20 days of September revealed a continued slump in exports. 

- Sterling has softened ahead of UK PM Johnson's diplomatic offensive re:

Brexit, due to take place on the sidelines of the UN summit in New York.

- Flash PMI surveys from across the globe roll in today, providing the

highlights of the data docket. Fed's Williams, Bullard and Daly, ECB's Draghi

and Lane, as well as BoE's Tenreyro are all set to speak.