USDJPY FALLS TO SIX‐WEEK LOW
* USD is mixed; risk havens JPY and CHF are bid; growth sensitive FX are weak as WB cuts China’s growth forecast. Limited US data today.
* CAD is weak as global growth outlook is focus.
* EUR rallies reacting to positive flows; business sentiment fails to rise.
* GBP is strong but still 1% below last week’s high. BoE on Thursday.
* NOK is weak as Gov Olsen conducts assessment of framework & suggest NOK is important but Norges Bank does not hold target on it.
* JPY reaches six-week high on risk aversion & PM Abe’s comments.
* AUD is weak as Australian celebrates national holiday.
* CNY is flat—back from holidays. HSBC services PMI at 9:45pm EST.
Read full report: FX Daily
Scotiabank