Markets are relatively quiet as global PMIs suggest ongoing expansion in both manufacturing and services with some evidence of deceleration. The USD is generally stronger; but the gains have been limited, with the worst performing major the JPY, which is down just 0.2%. Today existing home sales are expected at 4.69 million; this is not typically a volatile release, however takes on renewed importance as the Fed’s focus on housing has increased.
Read the full report: FX Daily
Scotiabank