Antipodean FX have been slightly heavy from...>

FOREX: Antipodean FX have been slightly heavy from the off, limited by China's

trade data released on Sunday. Trade surplus shrunk in November, squeezed by an

unexpected decline in exports coupled with a pick-up in imports. NZD remains the

weakest G10 performer after the local Q3 m'fing sales report revealed a slip in

volume coupled with a recovery in value, following negative readings in Q2.

- Elsewhere in G10, safe havens have fared relatively well with CHF leading

gains. Sterling also sits towards the higher end of the pile as the Tories

retain a comfortable lead in polls ahead of Thursday's election. All in all,

most crosses have traded within fairly tight ranges.

- Edaily cited South Korean Vice Finance Minister Kim as saying that Seoul will

take timely measures if needed to stabilise the FX market.

- MXN has firmed up as Mexico accepted U.S. demands on steel in USMCA under

certain conditions, although the move was delayed relative to headlines.

- Due today are Canadian housing starts and building permits, German trade

balance, Norwegian GDP and Japanese Eco Watchers Survey. Central bank speaker

list is virtually empty, with the Fed in its blackout period.