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-After looking fragile throughout the Asia....>

FOREX
FOREX: -After looking fragile throughout the Asia and European trading day, CAD
surged well over 1% against all other G10 FX as the Bank of Canada hiked rates
and, most importantly, removed the word 'gradual' from their policy statement.
This raised the odds of a December rate hike markedly, pressing USD/CAD well
below the 100- and 50-dmas. USD/CAD bears now eye the 200-dma at C$1.2910.
-Outside of the CAD, DXY gained further and sits just shy of the mid-August
highs, assisted by further falls in global equity markets.
-USD/CNY added to the recent rally and USD/CNH popped above the week's best
levels as MNI reported that China's authorities may allow USD/CNY to rise
through 7.00 by the year's end. USD/CNY calls with strikes above the 7.00 level
were increasingly popular throughout the session.
-GBP/USD and EUR/USD fell through $1.29 and $1.14 respectively as further Brexit
uncertainty and poor Eurozone figures fuelled flight to quality.
-Thursday's ECB rate decision takes focus, with markets also eyeing German IFO
data, US weekly jobs numbers and speeches from Fed's Clarida and Brainard.

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