CAD UNDERPERFORMS PEERS ON BOC NEUTRAL BIAS
* USD — DXY flirting with break of 2013 low.
* CAD underperforming as market participants consider BoC shift.
* EUR outperforms G4 & most majors on generally stronger PMI’s.
* SEK gains supported by EUR as Riksbank maintains outlook for rates.
* NOK outperforming as Norges Bank maintains tone.
* GBP flat, failing to rise in line with EUR on disappointing CBI.
* JPY consolidates further, poised for breakout; risk is CPI 7:30pm EST.
* AUD moderately weaker; RBA’s Lowe speaks of weaker AUD benefits.
Read full report: FX Daily
Scotiabank