FX Market Update ‐ Risk appetite is strong leading into the open, driving equities higher, bond yields up, risk metrics lower and a mixed USD. Monetary policy continues to drive markets with notably loose policy at the Fed, BoJ, ECB and BoE and today’s decision by the RBA to cut rates to a record low of 2.75%; while the Nikkei rallied to a five‐year high, the German DAX and S&P to all time highs all in the last 24‐hours. Today there very limited data expected (jolts job openings and consumer credit) and no Fed speakers. After the NA close China will release its April trade data.
Click here to read the full report: FX Daily
Scotiabank