CAD IS TECHNICALLY STRONG ON ITS CROSSES
– USD is slightly stronger on a holiday laden Monday; news flow is light.
– CAD is flat; CAD is technically strong on its crosses. Today Ivey PMI.
– EUR is flat after weak retail sales and PMI services at 47.0.
– GBP flat as the UK is on holiday; no change expected from BoE Thurs.
– JPY is slightly weaker as Japan is on holiday and news flow is light.
– AUD is weak as retail sales disappoints leading into the RBA decision; markets are almost 50/50 as to cut/hold.
– US equities at record highs & FX in ranges highlights impact of policy.
Click here to read the full report: FX Daily
Scotiabank