Weekend G7 ended smoothly, US Trump.....>

EURO-DOLLAR: Weekend G7 ended smoothly, US Trump comments on Sino-US trade spat

eased risk fears which allowed EUR/USD to move away from early highs of $1.1164

to a low of $1.1094 ahead of Monday's, UK holiday thinned, session close. Rate

consolidated Monday's easing through the Asian session, trade contained within a

tight $1.1098-1.1107 range, despite sales of EUR/JPY, which had reportedly led

to fresh JPY strengthening, as markets brushed aside Trump trade comments,

looking for something more concrete.

Support remains at $1.1098-94, a break of $1.1090 to expose the Aug23 low of

$1.1052, with support seen into $1.1050. Below and the YTD low of $1.1027 moves

into view. Option EUR puts expiries, which have been noted of late buoying the

rate, see $1.1100 strikes for Wednesday's expiry for E1.28bln, with main EUR put

strikes moving down to $1.1000 for Friday(E1.71bln) and into early next week

(Sep2 E1.76bln, Sep3 E1.26bln).

- German final Q2 GDP came ion unrevised from flash. France Sentiment Indicators

due at 0645GMT.

- Watch Trump tweets for risk developments.