Credit Suisse this morning wrote that they....>

FOREX: Credit Suisse this morning wrote that they continue to see FX playing

second fiddle to more volatile equity and rates markets this week, and they

remain short EURUSD from 1.18 with a stop at 1.1510.

CS expect the BoC to remain on hold today, ahead of the OPEC meeting, and favor

fading moves above 1.33 and below 1.29 in USDCAD.

They review recent developments on the Brexit front, and see risks biased toward

1.25 in GBP and 0.91 in EURGBP.

CS are skeptical about the ability of ZAR to extend its recent rally ahead of

elections next year and think that it is too early to position for a reversal in

USDTRY despite heavy volatility since the beginning of the week. CS remain

bearish NOK and highlight upcoming two-way directional risks into year end. In

ARS, CS believe the risk reward to long positions has become less attractive.