COMMODITY CURRENCIES STRONG ON FED FOCUS
• USD—outperforming G4 while underperforming commodity peers.
• CAD strength resulting from higher oil prices; relative CB policy.
• EUR flat as trade balance moderates; Bundesbank outlook softens.
• GBP unchanged; BoE announces capital assessment results June 20.
• JPY underperforming as markets expect disappointing trade data.
• AUD outperforming ahead of RBA minutes release at 9:30pm EST.
Read the full report: FX Daily
Scotiabank