Building disinflationary pressures in Europe, confusing data releases from the U.S., climbing house prices in the UK, a stabiliza fron in the outlook for China’s economy have led to a mixed FX picture into the open; where the USD has shifted from gaining to losing ground. Today’s data is relatively light with just NY ISM and factory orders; as well as jus tone Fed speaker, non‐voting hawkish George.
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Scotiabank