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The greenback has been relatively heavy.......>

FOREX
FOREX: The greenback has been relatively heavy after this week's economic data
brought the vulnerability of U.S. labour market to light ahead of the most
recent NFP figures, due for publication later today. USD has faltered alongside
CAD and safe havens JPY and CHF. G10 crosses generally stick to tight ranges,
with the ongoing holidays in China sapping liquidity.
- Fed Vice Chair Clarida broadly stuck to the Fed's central message, in an
interview broadcasted in Asia hours, pledging that the Fed will "act as
appropriate" to sustain the economy.
- AUD crosses posted brief and minor downticks as Westpac's Bill Evans noted
that there is a "real possibility of an RBA cut in Dec" but he is sticking with
his call for a cut in Feb 2020.
- All eyes on U.S. NFP report today, after this week's m'fing ISM, non-m'fing
ISM and ADP employment all sent pessimistic signals re: U.S. labour mkt. U.S.
trade balance, Aussie retail sales, and RBA FSR also due. Fed Chair Powell takes
centre stage, with colleagues Rosengren and Bostic, as well as RBA's Ellis,
Riksbank's Jansson and ECB's de Guindos also set to speak.

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