USD has edged lower and underperforms all....>

DOLLAR: USD has edged lower and underperforms all of the G10 currencies barring

JPY at writing, with DXY last sitting at 95.49, amidst broader risk-on flows.

This comes after the dollar index closed 60 pips lower Monday, as a record-long

U.S. gov't shutdown continued with no evident signs of a breakthrough.

Meanwhile, WTI & Brent are both dealing ~1.3% higher, while gold has ticked up,

supported by the weaker USD. 

- DXY bears look for a fall through the Jan 11 low at 95.20, which would open up

the 200-DMA at 94.94. Conversely, bulls need to jump back above yesterday's high

at 95.72 before challenging 96.02, which represents the 100-DMA. 

- U.S. focus today turns to domestic PPI & Empire M'fing Survey, while Fed's

Kashkari, George & Kaplan are due to speak. U.S. President Trump is set to hold

lunch with lawmakers Tuesday (with the White House not providing any further

details). As a reminder, the Dems Are trying to pass a stopgap funding bill and

there is talk of cross party meetings with the aim of ending the shutdown.