Societe Generale in its early Tuesday economic news summary pointed out:

-- United States pauses tariffs on Mexico and Canada for one month, Canadian Prime Minister Trudeau rows back on retaliation, deploys border personnel. USD/CAD reverses 2.9% spike, returns below 1.4450. USD/MXN retraces below 50dma (20.42). 10-year U.S. Treasury up to 4.57% from 4.46% low.

-- China retaliates with a 10% tariff from next Monday on U.S. cars, farm equipment, energy shipments. Imposes export control on tungsten-related materials, probes Google over anti-trust law breaches. USD/CNH offered below 7.30.

-- Federal Reserve's Bostic (non-voter): not clear what President Trump's actions add up to for the U.S. economy. Collins (voter): there's no urgency for making additional adjustments. Goolsbee (voter): Trump policies led to uncertainties that could slow rate cuts.

-- Day ahead: U.S. JOLTS job openings. Fed speaker Bostic and Daly. European Central Bank's Villeroy. United Kingdom benchmark auction.

-- Nikkei +0.7%, EUR 10-year IRS +2bps at 2.37%, Brent crude -0.8% at $75.4/barrel, Gold -0.3% at $2,809/oz.