USD strength dominated the majority of........>

FOREX: USD strength dominated the majority of Tuesday's session, aided by a

strong ISM manufacturing survey and EM FX remaining in the crosshairs.

- EUR/USD eventually met decent support at $1.1530, before it recovered back

above $1.1580 through the London fix. USD/JPY peaked at Y111.53 during the EU

morning, dropping back to Y111.15 as EUR/JPY played catch up to EUR/USD

slippage, but recovered back to Y111.40/50. AUD/USD spiked to $0.7235 post-RBA,

due to the lack of any fresh dovish hints in the statement, before the broad USD

demand pressured the cross back below $0.7200, registering a low of $0.7157.

- Ex-MPC member Posen's comments re: Brexit & weaker than exp. UK Construction

PMI added to the pressure on cable, with the addition of broader USD demand &

reaction to strong US ISM data pushing the rate to a low of $1.2811. USD sales

through the London fix provided some respite, followed by reported EU lawmaker

comments on a softer stance re: the Irish border, which saw cable move above

$1.2870, before the Telegraph reported that the "EU has warned that PM May's

Chequers plan is "dead" & is urging her to adopt a Canada-style deal."

- Focus turns to AU GDP, global Serv. & Comp. PMIs, BOC decision & Fedspeak.