CAUTIOUS FED CAUSES CONSIDERABLE CONFUSION
• PMI’s highlight China slowdown, eurozone improvement.
• USD—DXY softens from overnight high following China PMI.
• CAD strengthens amid retracement of recent decline to 12mth low.
• EUR gains following improvement in flash PMI’s.
• GBP retraces recent decline; Q1 GDP remains at 0.3% q/q.
• JPY outperforms amid retracement; JGBs & equities decline.
• AUD flat following post-China PMI fall to 12-month low.
Click here to read the full report: FX Daily
Scotiabank