Strong trade data from China, confirmation that the RBNZ has intervened in FX markets, the DAXY having rallied to fresh highs and limited data releases from North American today are the themes that are driving markets into the open. The USD is broadly weaker, except against NZD. EUR is up 0.4% on strong German industrial production, SEK has followed suit. GBP is up 0.1% with markets expecting tomorrow’s BoE meeting to prove a non‐event and AUD, NOK, JPY and CAD are all flat.
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Scotiabank