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-Friday's price action saw EMFX nurse its.....>

FOREX
FOREX: -Friday's price action saw EMFX nurse its wounds and recover a very small
minority of the losses suffered this week. As a result, BRL, TRY, RUB and ARS
all trading slightly stronger.
-Toward the bottom end of the table, AUD/USD downside accelerated on the move
through YTD lows and now looks to close below $0.72 for the first time since
January 2017. This confirms the bearish picture and sets up AUD/NZD for a test
on the 100- and 200-dmas at N$1.0856 and N$1.0842 respectively.
-A wave of USD demand followed the month-end Westminster fix, pressing EUR/USD
and GBP/USD well toward the lower end of the day's range ahead of the close.
This puts a close above the 50-dma for the US Dollar Index in view and may
signal that the recent downtrend in the greenback has come to an end.
-CAD fell against most others as the much-vaunted NAFTA failed to materialise,
leaving CAD highly sensitive to headline risk.
-Attention turns to rate decisions from the RBA, Riksbank and BoC next week, the
return of UK parliament and August US Nonfarm Payrolls.

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