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CAD rises to top of the pack on bumper GDP....>

FOREX
FOREX: CAD rises to top of the pack on bumper GDP
-CAD was the best performer in G10 Friday, rallying on the back of
better-than-expected January GDP: m/m GDP rose 0.3% vs. Exp. 0.1%, helping drive
USD/CAD back down toward the 100-dma at C$1.3321. NZD and AUD weren't far
behind, helped higher by further positive reports stemming from China, adding to
recent rhetoric suggesting that US and Chinese negotiators have narrowed their
differences and made progress in recent discussions.
-For a second session GBP is the poorest performer in G10 as PM May's
'Meaningful Vote 2.5' again failed to get the thumbs up from UK lawmakers. While
the result was largely expected, the margin of loss for the government now
appears insurmountable and brings the April 12th deadline even closer. GBP/USD
showed below the $1.30 mark for the first time since Mar11 but failed to break
below the 1.2976 200-dma.
-Japan's Tankan survey, Eurozone CPI, US retail sales and both US and Canadian
jobs reports are the calendar highlights next week. Rate decisions are also due
from Australia and India.

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