UBS flow data for last week suggests that.....>

FOREX: UBS flow data for last week suggests that "JPY was the most bought G10

currency on a normalized basis, experiencing heavy inflows in a week where

nationwide CPI printed solidly and the global risk backdrop remained weak. NOK

recorded inflows for the first time in three weeks and SEK saw inflows for a

third week, ahead of Scandie central bank meetings this week. USD was net bought

amid strong mid-week inflows, offsetting early-week outflows that coincided with

softer-than-expected retail sales. CAD led G10 FX outflows on a normalized

basis, notching a fourth week of net selling, corresponding to lower oil prices,

weaker retail sales, and lower CPI. EUR was net sold and registered outflows

every day last week as uncertainties around Italy lingered. AUD saw outflows

with selling concentrated around the soft Sep jobs report. NZD was net sold

despite solid CPI data, while GBP registered outflows amid weak CPI & ongoing

Brexit uncertainty."