-The greenback was the poorest performer in...>

FOREX: -The greenback was the poorest performer in G10 Friday (providing some

much-needed relief for sterling) as various Fed speakers, beginning with Fed

chair Powell, talked up the strengthening headwinds to the US economy. Powell

cited fading fiscal tailwinds, softening overseas demand and the lagged effect

of the Fed's prior rate hikes. Vice Chair Clarida added to the theme, stating

that the Fed is getting closer to a 'neutral rate', highlighting the central

bank's data dependency going forward. The DXY fell to the week's lowest levels

to finish the week.

-Sterling improved after a dire few sessions as PM May received the backing of a

large chunk of her cabinet, who remain committed to government despite recent

resignations. While a no confidence vote could be forthcoming, markets are

writing down the chances that this would result in her stepping down. GBP/USD

traded either side of $1.2850 Friday.

-Global flash PMIs, Canadian CPI, RBA minutes are all due from Monday, although

the Thanksgiving holidays in the US could keep markets muted.