RBNZ TURNS HAWKISH, TALKS OF STIMULUS REMOVAL
• USD — mixed, as NZD, JPY, CAD and AUD rise; others are weak.
• CAD strengthens, retracing Wednesday’s NA session rally.
• EUR flat, as ECB lending survey offsets German IFO, Spain data.
• GBP weaker following as-expected GDP, UK recession losses retraced.
• JPY strengthens on Aso’s continued support for fiscal consolidation.
• AUD stronger, retracing prior weakness that reached 7 day low.
• NZD outperforms as RBNZ turns hawkish with talk of removal of mon-etary stimulus and as tone on exchange rate moderates.
Read the full report: FX Daily
Scotiabank