USD weakness remained the dominant theme as...>

FOREX: USD weakness remained the dominant theme as the greenback remained on a

back foot under pressure from the latest round of dovish Fedspeak, which keeps a

rate cut this month on the table. The impact of dovish central bank rhetoric

failed to dissipate even as U.S. CPI, released yesterday, topped forecasts.

- Elsewhere in G10 FX, safe havens were offered, while commodity-tied currencies

gained poise. USD/CAD touched a new YtD low and hovers just above the figure;

NZD/USD was limited by its 100-DMA, tests the level at writing.

- Turning to Asian FX, Thai baht tumbled as the Bank of Thailand introduced

measures to limit its strength. Meanwhile, KRW was sold as growth worries and

South Korea's trade spat with Japan continued to apply weight.

- U.S. Pres Trump tweeted that he is "not a fan of Bitcoin and other

Cryptocurrencies," while "Facebook's Libra will have little dependability."

- Today's data highlights include Chinese trade figures, U.S. PPI, as well as

industrial production figures from Japan and the EZ. Speeches from ECB's de Cos

and Visco, BoE's Vlieghe, Norges Bank's Nicolaisen and Fed's Evans are

scheduled, with Riksbank's July MonPol meeting minutes due.