U.S President Trump yet again moved markets...>

FOREX: U.S President Trump yet again moved markets with a tweet, declaring a

two-week delay of a hike in tariffs on imports from China. This "gesture of good

will" came after Beijing published a list of U.S. goods to be exempted from

levies yesterday. Perceived de-escalation in Sino-U.S. trade tensions incited

risk-on flows, which set the tone of the overnight session.

- Understandably, Antipodean FX gained at the expense of safe havens, but

neither AUD/USD nor NZD/USD managed to break out of familiar ranges. USD/JPY

took out Y108.00 and showed above the figure for the first time since Aug 1.

- USD/CNH dipped below CNH7.1000, while little initial reaction was seen to a

lower than exp. PBoC fix. Aforementioned U.S.-China trade matters coupled with

reports suggesting that AB InBev is exploring the Hong Kong IPO of its Asia-Pac

unit bolstered HKD, allowing USD/HKD to probe the water under HKD7.8300.

- The calibre of the ECB's "bazooka" will be scrutinised, once their latest

policy decision is announced later today. MonPol decisions are also awaited out

of Turkey and Malaysia. U.S., German and French CPIs, EZ industrial output &

Swedish PES unemployment are the data highlights. South Korean markets are shut.