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Asia was poised to finish the week on a.......>

FOREX
FOREX: Asia was poised to finish the week on a quiet note as news wires stayed
relatively calm overnight. The Aussie was the best performer in the G10 basket,
by a narrow margin. It drew support from the reported covering of AUD/NZD
shorts. The release of firmer than forecast Australian November retail sales put
a bid into AUD, albeit a limited and short-lived one amid the realisation that
the reading was distorted by the Black Friday effect. AUD purchases resumed
closer to the London morning, with no fresh drivers apparent.
- Elsewhere in G10, CAD struggled ahead of the local jobs report.
- IDR was in demand after a senior Bank of Indonesia official said that the
rupiah will be allowed to appreciate amid the country's solid economic outlook.
Analysts pointed to the fact that such rhetoric marks a shift in BI's stance,
which so far focused on FX stability. USD/IDR eased to a 21-month low.
- USD/HKD bottomed out at HKD7.7624, the lowest level since March 2017.
- U.S. NFP report headlines the docket today, with the Canadian equivalent also
due. Norwegian CPI, French and Italian industrial outputs hit the wires too,
while BoE's Tenreyro is set to speak about domestic labour market.

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