USD JOINS FED IN DATA WATCHING MODE
* USD is strong as market becomes data junkie searching for direction.
* CAD is flat leading into retail sales; BoC speech unlikely to move CAD.
* EUR is flat—Draghi’s confirms ECB would consider new LTRO.
* CHF flat as SNB’s Jordan reiterates that cap is indispensable.
* GBP—BoE’s Miles sounds fairly dovish; Tucker speaks at 8:45am EST.
* JPY is flat & range bound with no data released and minor news flow.
* AUD soft—expect weakness leading into Oct. 1 RBA meeting; where
AUD’s recent rise from 0.89 to 0.94 likely to prove an issue.
Read full report: FX Daily
Scotiabank