USD TO STRENGTHEN AS FED POISED FOR SEPT TAPER
• USD is mixed but markets are generally quiet. Today: PPI & Bullard.
• CAD is flat torn in a mixed USD environment. Today: housing data.
• EUR is weak, reacting to EURGBP selling pressure, even after the Eurozone posts better than expected GDP (+0.3%) pulling out of recession.
• GBP rallies after better than expected employment; BoE minutes-Weale dissents on fwd guidance because of CPI knockout timing CPI.
• JPY is flat in a quiet session with no data releases.
• AUD is flat after consumer confidence rises; med‐term stabilization.
Read the full report: FX Daily
Scotiabank