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

FOREX
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.

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