USD catches a late bid to to reverse..........>

FOREX: USD catches a late bid to to reverse underperformance

-The greenback came under pressure for much of the European and Asia-Pac

sessions courtesy of a rebounding EUR and a safe haven tailwind for the JPY.

Nonetheless, the USD index manage to swing back into the green ahead of the

close as US 10yr recovered from their lowest levels printed in over a month. 

-GBP slumped early and saw little reprieve as markets continue to take a dim

view on the prospects of a cross-party Brexit deal. ITV journalist Robert Peston

reported that talks between the Labour Party and the Conservatives was nearing

collapse, prompting GBP/USD to break briefly below the $1.30 handle.

-EMFX had a mixed session, with TRY dropping again as political rancour over the

Istanbul mayoral elections saw USD/TRY hit fresh cycle highs. BRL sits at the

other end of the scale as President Bolsonaro appealed to his opposition in

granting key cabinet positions. Such a move may smooth the passage of pension

reforms going forward.

-US PPI data, trade balance for March and the Norges Bank rate decision take

focus Thursday. Speeches from Fed's Powell, Evans and Bostic are also due.