The greenback sold off across the G10.........>

FOREX: The greenback sold off across the G10 currency board, perhaps on the back

of pre-NFP positioning and a carryover from the recent run of disappointing U.S.

data. Soft employment components in both ISM surveys (m'fing/non-m'fing) & a

weak ADP figure inspired concerns over the health of U.S. labour market and

boosted bets that the FOMC will ease policy further this month.

- AUD showed muted reaction to a slight miss in local retail sales. Meanwhile,

Westpac's Bill Evans noted that there is a "real possibility of an RBA cut in

Dec" but stuck with his call for a 25bps cut in Feb.

- Elsewhere, NZD was the best G10 performer, while CAD & CHF softened. That

said, price action was rather contained with China still on holidays.

- KRW emerged from a national holiday stronger and outperformed in the EMFX

space, with USD/KRW falling firmly below its 50-DMA at KRW1,200.72.

- Focus turns to the U.S. with investors awaiting the key NFP report before Fed

Chair Powell takes the centre stage. Apart from that, the docket features U.S.

trade balance, as well as comments from Fed's Rosengren and Bostic, ECB's de

Guindos and Riksbank's Jansson. The RBA is set to deliver its MonPol decision.