Markets are mixed leading into today’s Fed (2pm EST), with the focus on ongoing central bank policy loosening and surprises (MAS), a jump higher in European bond yields (10‐year Greek yields rise another 92bpts), and soft European equities, but encouraging US equities. AUD is outperforming, while CAD and EUR are underperforming, but most FX shifts have been relatively subtle.
Read the full report: FX Daily