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-CAD was comfortably the best performer in....>

FOREX
FOREX: -CAD was comfortably the best performer in G10, underpinned by the near
2% rally in WTI futures. The mix of constrained Venezuelan supply, Iranian
sanctions and speculation that the US will keep a lid on reserves helped lift
WTI futures back toward July's best levels of $75.27, the highest crude price
since late 2014. Rally energy re-correlated with CAD, helping press USD/CAD back
toward C$1.29. -The DXY rallied sharply throughout Europe, as Italian political
woes and worsening risk sentiment fuelled risk havens, but much of this reversed
ahead of the NY close leaving the greenback mixed and directionless against the
rest of G10. -GBP sat at the bottom of the pile, but off the worst levels of the
Friday session. Final Q2 GDP growth was revised lower with business investment
in particular taking a hit. GBP/USD managed to rebound off $1.30 ahead of the
close. -Attention shifts to the start of Q4, speeches from Fed's Powell, the UK
Conservative Party Conference and NFP.

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