TAPERING, THRESHOLDS, FORECASTS & TONE
* USD is mixed as markets await the Fed announcement.
* FED: statement & forecast at 2pm EST, Bernanke press conf 2:30 EST.
* FED: $10bn taper, no change to threshold & lower forecasts.
* CAD is flat facing the dual BoC Poloz speech and FOMC risk.
* CAD‐Poloz’ speech at 10:25 EST, delivery at 10:40 & press conf at 12:20
* EUR is flat with few domestic developments and all eyes on the Fed.
* GBP rallies as BoE minutes hint that the MPC is aligned & encouraged.
* JPY is flat and in a narrow range as it faces dual Fed and Kuroda risk.
* AUD is flat with few domestic developments and awaiting the Fed.
* NOK & CHF—central banks hold policy meetings Thursday morning.
Read the full report: FX Daily
Scotiabank