USD has modestly underperformed all of its...>

DOLLAR: USD has modestly underperformed all of its G10 peers thus far, with DXY

dropping 6 pips. Meanwhile, WTI & gold have edged lower. Worth mentioning that

the WSJ published an interview with U.S. Pres Trump, who put chances of a

bi-partisan deal to avert another gov't shutdown in 3 weeks at 50/50. 

- This comes after the dollar index fell 81 pips Friday, as a WSJ report

focusing on an early hault of the Fed Balance unwind sheet weighed on USD. 

- DXY bears keep an eye on the 200-DMA at 95.23 and a break below would open up

the 95.00 figure. Meanwhile, bulls look for a jump above the 21-DMA at 96.03

before trying to reclaim 96.53, where the index peaked Friday. 

- U.S. spotlight this week falls on the FOMC MonPol decision due Wednesday & the

accompanying press conference by Fed Chair Powell. Elsewhere, labour mkt data &

remarks from Fed's Kaplan due Friday will attract interest. As a reminder

vice-ministerial level Sino-U.S. trade talks get underway in Washington from

Wednesday, with lower level talks scheduled from Monday. There is also the

potential for the U.S. Tsy to reveal its forecasts for its end-quarter cash

balance later Monday.