Daily FX Update

USD STRENGTHENS BROADLY AMID FOCUS ON FED
• USD – DXY around 3yr highs as outlook for Fed policy drives strength.
• CAD weak amid broad USD strength; focus today is Carney speech.
• EUR modestly weaker; Bundesbank expects strong Q2 rebound.
• GBP underperforming on lower than expected CPI.
• JPY challenged ahead of BoJ policy decision.
• AUD weak as RBA highlights merits of interest rate cuts.

Click here to read the full report: FX Daily

 

Scotiabank