-CAD was comfortably the poorest performer....>

FOREX: -CAD was comfortably the poorest performer in G10 Friday as a double dose

of poor data crossed: CPI fell into negative territory on the month, dragging

annual CPI lower to a rise of just 2.2% vs. Exp. 2.7%. This was compounded by a

poor retail sales turnout, pressing CAD to the lowest levels against the USD

since early September. CAD bears now eye C$1.3226 for the next leg higher.

-Outside of the CAD, markets traded mixed and largely non-directional, with the

JPY slipping against most others as markets stabilise slightly. The (very)

modest recovery in equity prices helped on this front, although lagging tech

stocks remain a concern.

-NZD sat on top Friday and NZD/USD eyes the first close above the 50-dma since

mid-September. Both AUD and NZD benefited from Chinese authorities soothing

investor concern after Q3 GDP data missed expectations. Markets were also

underpinned by reports that the Chinese and US Presidents are due to meet in

November.

-Rate decisions from BoC, Riksbank and ECB are the highlights next week.