Quieter morning to finish the week -Ranges....>

FOREX: Quieter morning to finish the week

-Ranges were tight Friday morning in Europe, with a lack of major newsflow

overnight keeping many on the sidelines. The RBA's Statement of Monetary Policy

kept AUD under pressure throughout, prompting the currency to continue to

underperform the wider G10 basket. AUD/USD holds comfortably below the $0.71

handle ahead of the NY crossover.

-The greenback is gaining further, adding to small gains posted Thursday after

another down day for US equities. The main US indices closed lower by around 1%

and, according to futures, look set for another lower open. DXY extends gains

having broken above the 50-dma earlier this week.

-CAD remains weak ahead of key jobs data due later today: Canada are expected to

have added 5k jobs across January, with the unemployment rate expected to tick

0.1ppt higher to 5.7%.

-Outside of Canadian data, the docket is thin, with a speech from Fed's Daly at

1815GMT the only highlight. Focus remains on the progress (or lack thereof) in

trade negotiations between the US and China.