Markets are adding to risk as Asian and European data suggest that global growth trends are improving, albeit slowly. The USD is mixed; with softness in those currencies who had disappointing domestic events (AUD & the RBA; JPY and the Tankan; and GBP and a soft PMI); while currencies associated with stronger fundamental backdropsare stronger, including most of the Europeans. Today’s session includes US ISM.
Read the full report: FX Daily
Scotiabank