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A quiet end to the week in Asia, with.........>

FOREX
FOREX: A quiet end to the week in Asia, with little to write home on the news
and data fronts. The second half of the session saw renewed risk-on flows, which
allowed the Antipodeans to take the lead in the G10 basket. The likes of JPY,
CHF & USD were offered as appetite for safe havens waned. It is hard to point
out a single catalyst of this revival in sentiment, but we are heading for the
London session with the risk switch turned on.
- Improving risk appetite put a bid into Asian EM FX, with IDR leading gains in
the space and seeming poised to register its best week vs. USD since 2015.
USD/PHP sank through yesterday's worst levels to a new multi-year low.
- U.S. NFP report, its Canadian equivalent, German factory orders, Norwegian
industrial output & GDP, as well as Italian retail sales take focus today.

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