CAD IS WEAK LEADING INTO CPI RELEASE
* USD is mixed—there is essentially no data today.
* CAD is weak but with no clear catalyst; today’s inflation print is key for BoC; an as expected release will leave CAD vulnerable to profit taking.
* EUR is strong on a surge in German IFO and Draghi’s comments.
* GBP is flat after a quiet session.
* SEK rallies as confidence surges to fresh two‐year high & above cons.
* JPY is flat after a notably weak session yesterday driven by dovish comments by gov’t Kuroda. Technicals suggest USDJPY upside.
*AUD still struggling after RBA suggest it is open to FX intervention.
Read the full report: FX Daily
Scotiabank