EUR FALLS AS VISCO HINTS AT RATE CUT
• USD is strong after volatile week. Next week is nonfarm!
• CAD is weak; Q1 GDP expected at 2.3% ‐ well above worse case fears.
• EUR falls after ECB’s Visco suggest a rate cut is in scope & unemployment reaches new record of 12.2% & CPI rises to 1.4%. ECB on Thurs.
• GBP is quiet on news flow and market moves. BoE on Thursday.
• USDJPY drifts back towards 100; deflation persists with CPI –0.7%y/y.
• CNY backs off record high; PMI this weekend expected at 50.
• FX Monthly Outlook—expect USD strength against EUR, GBP & JPY.
Click here to read the full report: FX Daily
Scotiabank