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

FOREX: CAD was comfortably the best performer in G10 FX on Friday, underpinned

by the near 2% rally in WTI futures. The rally in energy re-correlated with CAD,

helping press USD/CAD back toward C$1.29. The CAD bid has continued in early

dealing this week, aided by reports/statements pointing to a NAFTA deal being

"close" (deadline for deal at 00:00 ET), with USD/CAD last C$1.2850.

- The DXY rallied sharply throughout Europe, as Italian political woes &

worsening risk sentiment fuelled risk havens, but much of this reversed ahead of

the NY close leaving the USD mixed & directionless against the rest of G10.

- GBP sat at the bottom of the pile, but off the worst levels of the Friday

session. Final UK Q2 GDP Y/Y growth was revised lower with business investment

in particular taking a hit. GBP/USD managed to rebound off $1.30 ahead of the

close. UK PM May continued to stick to her Brexit line over the weekend.

- Little reaction in AUD & NZD to the weekend's Chinese PMI releases.

- Focus Monday shifts to the NAFTA deadline, BOJ Tankan survey, global PMI data

& speeches from Fed's Bostic, Kashkari & Rosengren, ECB's Villeroy & BoE's

Tenreyro.