Weekend developments re: the U.S.-China.......>

FOREX: Weekend developments re: the U.S.-China trade war "truce" that came about

on the sidelines of the weekend's G20 meeting drove broader price action in

early dealing this week. AUD & NZD crosses moved higher, but have eased back

from best levels, with AUD outperforming the NZD. 

- CAD also benefitted from the risk on tone, gaining additional traction from a

jump in oil prices, with WTI over 5% higher on the day at writing, after Russia

& Saudi Arabia declared an extension of the cooperation on crude supply cuts,

while Oman's oil minister said he's optimistic that OPEC+ members will agree on

the need to curb production. Worth noting that Canada's Alberta province has

curbed its crude production to deal with glut issues. USD/CAD has broken below

its 21-DMA and bears target trendline support from the Oct1 low at C$1.3198 

- Meanwhile, the greenback found itself at the bottom of the G10 pile. The

broader USD weakness saw USD/JPY edge lower, with the cross 5 pips or so softer

at Y113.50 last, after peaking at Y113.85 in early trade. 

- Focus today turns to global m'fing PMI data, U.S. m'fing ISM data, with Fed's

Clarida, Quarles, Williams & Caplan, as well as BoE's Haldane due to speak.