NONFARM TO PROVE HIGHLIGHT; EVENT RISK IS LARGE
• USD is quiet leading into today’s FOMC & GDP.
• FOMC—we expect only minor changes; nonfarm to prove highlight.
• CAD is quiet leading into GDP & FOMC.
• EUR quiet leading into FOMC & ECB; CPI at 1.6% & Unempl at 12.1%.
• GBP is weak leading into FOMC & BOE; month‐end selling.
• JPY is strong on global event risk and month‐end buying.
• AUD is weak as expectations for RBA rate cut rise.
• Month end flows likely to support CAD, JPY & weaken EUR & GBP.
Read the full report: FX Daily
Scotiabank