STRONG RISK APPETITE WEIGHS ON USD
* USD is weak as the Fed outlook & Chinese reforms stoke risk appetite.
* CAD is strong; however soft CPI & several BoC speakers this week are likely to weigh on CAD. Today: Macklem & Int’l Sec Transactions.
* EUR is strong but failing to close above the Nov. 7th open keeps downside warning as key risk.
* GBP is weak; BoE survey suggest perception of systematic risk falling.
* JPY is flat; BoJ meeting this week likely to provide no change in policy.
* AUD is up, benefiting from risk appetite; RBA minutes at 7:30pm EST.
* Conference calls: two updated conference calls 1) FX macro update and 2) USDCAD outlook.
Read full report: FX Daily
Scotiabank