Very little to report in early FX trade.......>

FOREX: Very little to report in early FX trade this week, with the major crosses

& notable USD/EM pairs having little to go off in terms of weekend developments,

while participants look forward to the holiday season.

- On the trade front Xinhua noted that China will cut some import tariffs from

Jan 1, when it will lower import tariffs on 850 items & increase imports of some

consumer goods. It will also lower import tariffs for some IT products from July

1. The Global Times played this down via Twitter, noting "China would reduce

import tariffs even without the phase-one deal. Amid a growing domestic market,

China is seeking a more cooperative and inclusive global trade environment," per

Tian Yun, vice director of the Beijing Economic Operation Association.

- AUD/USD made a show above the 200-DMA & recent highs, but follow through has

been somewhat limited thus far.

- Flash durable goods data out of the U.S. & Canadian monthly GDP provide the

only real points of interest on Monday's docket.