Daily FX Update

USD STARTS WEEK WITH BROAD UNDERPERFORMANCE

• USD — DXY just under mid-point of five month range.
• CAD moderately stronger but weak on the crosses.
• EUR strengthens on political developments in Portugal.
• GBP rally accelerates on breach of key technical levels; GDP this week.
• JPY outperforms on reaction to Abe’s consolidation of power.
• AUD is up; technicals look set to confirm further gains.

Read the full report: FX Daily

 

Scotiabank