It has been a very sedate Asia-Pac session,...>

FOREX: It has been a very sedate Asia-Pac session, particularly in the second

half, where news flow was almost non-existent. Japanese markets were closed &

U.S. markets are set to experience a holiday shortened session, while the

Asia-Pac docket was very limited. 

- The Antipodeans modestly underperformed, with AUD/USD sitting at $0.7248,

NZD/USD at $0.6812 & AUD/NZD now off of session highs, marginally lower on the

day at NZ$1.0638. Chinese stocks posted losses, which may have added some modest

pressure, after the WSJ reported that the U.S. administration is attempting to

get its allies to boycott Chinese tech name Huawei. 

- CAD came under modest pressure as oil spiked lower, with USD/CAD briefly

breaking above C$1.3200, before settling around the figure. 

- Sterling consolidated after rallying on the back of yesterday's draft Brexit

agreement drawn up between UK PM May & EU's Juncker. BoE's Saunders stuck to his

hawkish playbook late Thursday, but his rhetoric had little impact on GBP. 

- Coming up later today we have EZ & U.S. flash PMIs, final German GDP, as well

as Canadian CPI & retail sales. Elsewhere, ECB's de Guindos is due to speak.