EUR FAILS TO RALLY ON ITALY NEWS GIVEN ECB FOCUS
– USD – DXY near four week highs around 83.00.
– CAD flat trading in narrowed range since BoC on lack of catalyst.
– EUR unchanged despite positive Italy news as market considers ECB.
– GBP strengthens as FLS changes reduce pressure for BoE to ease.
– JPY slightly weaker, yet to breach key levels ahead of CPI, BoJ.
– AUD flat despite softer CPI; RBA to allocate 5% reserves to China.
– NZD – RBNZ holds 2.5%, notes growth pick up in domestic economy.
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Scotiabank