The USD has weakened; the DXY has dropped to afresh 7‐session low and all the major and EM currencies (with the excep‐tion of JPY) gaining ground against the USD over the last five trading sessions. Uneven data and the building perception that the Fed will be slowto hike; while the ECB will be slow to cut have been the main focus.
Read the full report: FX Daily
Scotiabank