FX markets are quiet; risk aversion is the core theme in what is likely to be a relatively subdued week. News flow has focused on the implementation of Thai martial law, a weak AUD, risk around the ECB meeting and higher than expected inflation from the UK. Today there is no U.S. data but two voting Fed speakers, the hawkish Plosser and dovish Dudley.
Read the full report: FX Daily
Scotiabank