The US debt ceiling talks resume at the White House today but a deal is unlikely to be announced. President Biden will attend the G7 summit in Hiroshima with the debt ceiling still looming. The dollar is mostly softer as last week's gains are pared. The Swiss franc and Japanese are the strongest in the G10. The Thai baht and South African rand, among the market's favorites yesterday are seeing those gains retraced. The JP Morgan Emerging Market Currency Index is giving back yesterday's gains in full. Disappointing Chinese data saw the CSI 300 fall by around 0.5%, but Japan, Hong Kong, Taiwan, and South Korea markets ... (full story)