FX Update: The dollar has been trading neutrally
FX Update: The dollar has been trading neutrally versus its main counterparts. EUR-USD has been plying a narrow path around the 1.2270 mark, consolidating Friday's post-U.S. jobs report gains, which lifted the pair from the low 1.2200s. USD-JPY has been steady, holding near 107.00. Risk sentiment improved as the Asia session progressed, despite the ratchetting-up in geopolitical tensions following the alleged chemical attack in Syria. Japan's Nikkei 225 closed with a 0.5% gain and S&P 500 futures were also showing a 0.7% advance, reversing some of the 2.2% closing loss the cash index saw in regular Wall Street trade on Friday. The improved risk sentiment was in part sparked by news that U.S. officials said that North Korea wants to discuss denuclearization, while there are also expectations for Chinese premier Xi to deliver a market-soothing speech at tomorrow's Boao Forum. Xi is widely anticipated to announce major economic reforms, including Trump-mollifying measures to aimed at opening up and increasing foreign access to its domestic market.