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-After a weak start to the European trading...>

FOREX
FOREX: -After a weak start to the European trading day, the greenback recovered
alongside an ugly US equity open, with all major indices opening in the red and
erasing the entirety of 2018's gains. This underpinned a recovery in the
greenback, which posted the largest gains against the CAD, NOK and AUD.
-A toxic mix of global growth concerns, bumper Libyan output and potential
drilling in Alaska conspired against energy markets, sending WTI crude futures
to their lowest level since mid-2017 and pulling the rug out from underneath
commodity-tied FX. This lifted USD/CAD well above C$1.3250, shifting upside
targets back to the June highs of C$1.3386.
-The AUD/NZD slump held for much of the session before a (very) modest late
recovery, keeping focus on the downside target of N$1.0488 - the 2018 lows.
-Focus turns to Australian Westpac Leading Index, US Durable Goods Orders,
weekly jobs data (brought forward due to Thanksgiving) and a speech from BoE
Governor Carney. Wednesday marks the final full trading day of the week for US
markets, with closures Thursday and only partial trading Friday.

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