USD has edged lower alongside the broader....>

DOLLAR: USD has edged lower alongside the broader safe haven FX, as S&P500

futures have ticked higher. DXY last seen 5 pips lower on the day, at 97.52.

- The greenback was the strongest G10 currency on Friday, as it received a boost

from strong domestic data coupled with the broader risk-off tone, inspired by

geopolitical developments. Strong revisions in retail sales overshadowed a

narrow miss in the headline number, industrial output was better than expected,

while U. of Mich. Sentiment only marginally missed forecasts.

- U.S. Sec of State Pompeo told Fox News that Iran's involvement in Thursday's

attack on two tankers near the Hormuz Strait is "unmistakable," while Pres Trump

said that "it doesn't matter" for a bilateral trade deal if his Chinese

counterpart Xi appears at the G20 summit.

- DXY bulls look to 97.80, where the index peaked on Jun 3, followed by the 1.0$

10-DMA envelope at 98.02. Bears look for a break below the 50-DMA/21-DMA at

97.48/47. Below opens the 97.37-34 area, where the index topped out on Jun 4-6.

- U.S. focus today turns to Empire manufacturing print, while Fed members are in

their blackout period, ahead of the FOMC MonPol decision, due Wednesday.