USDCAD INCHES TOWARDS BUY SIGNAL
* USD mixed—market is quiet; gov’t shutdown, the absence of payrolls and several Fed speakers is today’s focus.
* CAD is in narrow 11‐session 93point range; but technicals, oil and risk suggest there is risk for weakness (USDCAD upside).
* EUR is off its highs but still flirting with 1.36. News flow was quiet.
* GBP is weak and off highs, hit by profit taking into the weekend.
* JPY is quiet and in narrow range as BoJ maintains policy.
* AUD is strong, up 0.4%, as RBA rate cuts look less likely.
Read full report: FX Daily
Scotiabank