USD regained some poise overnight, as U.S.....>

FOREX: USD regained some poise overnight, as U.S. equity index futures tick

higher on warmer trade rhetoric out of China. The USD topped G10 FX & also rose

marginally vs. the yuan, with Asia-Pac equities lower.

- AUD suffered from a softer than exp. AU GDP print & registered losses vs. all

of G10 FX, with resultant AUD/NZD flows supporting the Kiwi before NZD/USD

softened on the broader USD bid. Cable posted a 30 pip spike lower on the back

of a Sky report noting that the UK does not need to pass legislation to revoke

Article 50, rate last $1.2700 after PM May's hardship in the Commons Tuesday led

to a fresh YtD low. USD/JPY is threatening a break back above Y113.00, even with

the Nikkei 225 lower on the day. FX shrugged off the release of a strong Chinese

Caixin services PMI reading as the text pointed to an uptick in domestic demand,

noting that "the measure for new export business dipped." 

- Focus today turns to the BoC MonPol decision, as well as UK & EZ services &

composite PMIs. Elsewhere, ECB's Nouy, Lautenschlaeger & Draghi will speak. Fed

Chair Powell's appearance is cancelled as the U.S. observes a day of mourning

following the death of former President George H.W. Bush.