Markets are unsettling. It is concerning to see the US 10‐year yield falling back to 2.65%, a weak equity start, rising volatility, a strong USD & JPY and ongoing downward pressure on EM FX. There‐introduction of two‐way risk and market volatility risks weigh ingheavily on confidence; which could have significant real economy ripple effects.
Read the full report: FX Daily
Scotiabank