USD INDEX FALLS TO 2‐MONTH LOW
• USD is weak as risk appetite improves after betrer Chinese trade data.
• CAD is flat but suffering on its crosses; technically it looks weak.
• EURCAD trades to fresh 1.5 year high on the back of EUR strength.
• EUR breaks above range as market focuses on growth outlook.
• GBP rallies as market balances improving growth outlook against BoE.
• JPY is flat after BoJ maintains monetary base target at ¥270trn.
• AUD is strong, ignoring disappointing employment in favour of China.
• CNY rallies to fresh highs after trade data is better than expected.
Read the full report: FX Daily
Scotiabank