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-After having a dire week before Friday,......>

FOREX
FOREX: -After having a dire week before Friday, CAD spurred back to the top of
the pile as domestic jobs data beat expectations and the firm rally in oil
prices underpinned sentiment. Canada added 94,000 jobs in November, well ahead
of the 10,000 gain expectations, helping press the unemployment rate lower by
0.2ppts to 5.6%. This followed the OPEC+ group reaching an agreement to cut oil
output by 1.2mln bpd, helping WTI and Brent crude futures higher by well over 4%
apiece. USD/CAD showed below C$1.33 on the move, with NOK also rising in
sympathy.
-US jobs data was generally disappointing, with headline payrolls growth missing
forecast and earnings data dipping below expectations. The USD was largely
unperturbed however, with markets far more concerned about recent equity
volatility - main US equity indices slid as much as 1.5% Friday.
-Attention turns to parliamentary Brexit votes in the UK, Chinese trade balance
data, UK jobs figures, German ZEW numbers and rate decisions from the ECB,
Switzerland, Norway and Russia.

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