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NZD, AUD at two-month lows ahead of NY........>

FOREX
FOREX: NZD, AUD at two-month lows ahead of NY crossover
-Antipodean FX bore further pain Friday morning in Europe as equities across
Asia-Pac and now mainland Europe extend recent losses. The Eurostoxx, CAC and
DAX all sit at the lowest levels of 2018 on what is likely to be the last full
trading session with any real liquidity of the year. The lack of any meaningful
bounce in commodities markets also hasn't helped, with WTI crude stubbornly
holding below $46/bbl and Brent below $55/bbl. USD/CAD also shows signs of
distress, with the pair breaking to fresh cycle highs of C$1.3532 Friday.
-The downside in equities has underpinned the JPY further today, further
reinforcing the currency's status at the top of the G10 leaderboard this week,
with gains of approximately 2% against the USD.
-GBP's recovery continues, but markets were unable to test the Thursday high
having failed to rise through the $1.27 mark in early Europe.
-Canadian retail sales and GDP figures, tertiary US GDP, personal income and
spending and Uni of Mich data are the calendar highlights for a busy session.
Mercifully, the speaker calendar is much quieter.

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