Bond markets remain the core focus into the weekend. The U.S. 10‐year yield is trading at 2.47%. Today’s release of the PCE deflator will provide important clues in judging inflation and accordingly feeds directly into Fed expectations. The USD is mixed into today’s session with small gains in GBP, JPY, CHF and CAD; flat EUR, NZD, AUDand MXN and softness in CNY, NOK and SEK.
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Scotiabank