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-Eurozone data was less than favourable.......>

FOREX
FOREX: -Eurozone data was less than favourable Friday, with poor Italian GDP,
German retail sales and French CPI dampened any near-term recovery. EUR/USD
failed to find any support throughout the session with Autos tariffs a primary
concern ahead of the G20 despite signs of thawing relations between the US and
China. EUR/USD remains within 1% of 2018 lows.
-NZD was comfortably the best performer in G10 as markets continue to ratchet
higher their expectations of a positive outcome from this weekend's G20 trade
talks. NZD/USD is on track to register the first close above the 200-dma since
April, extending the gains from the year's lowest levels to well over 7%.
-Oil-tied FX had another volatile week, with NOK the poorest performer Friday as
Russia quashed any expectations of a near-term cut in oil production. USD/NOK
remains uncomfortably close to 18 month highs of Nok8.6383.
-Any fallout from the G20 meetings will take focus from here, however US nonfarm
payrolls, US ISM data, UK PMI numbers, BoC and RBA rate decisions and a
testimony from Fed's Powell will also be carefully watched.

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