FX markets are mixed, with growth currencies outperforming and safe havens weak. Equities are generally firmer and the U.S. 10‐year yield is up to 2.64%. Chinese President Xi Jinping sounded cautious in GDP growth comments over the weekend; while the market dismissed the Ukrainian vote and the IMF warned that the crisis posessevere economic consequences for several countries. In the midst of this EUR stabilized. Today data flow is likely to be light with only one Fed speaker, Plosser, sidelined to opening remarks and no data.
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Scotiabank