CHINA RISK LOOMS HEADING INTO PMI RELEASES
• USD—Fedspeak continues to highlight data dependence.
• CAD unchanged ahead of GDP, as April will set expectations for Q2.
• EUR outperforming despite rumors of working group QE discussions.
• GBP decline continues ahead of BoE next week, Miles article in FT.
• JPY weakens steadily; technicals suggest USDJPY upside.
• AUD weakens ahead of China PMI releases and RBA (Tuesday).
Read the full report: FX Daily
Scotiabank