POST FOMC FX RANGES HOLD
* USD is mixed, FX has traded in relatively tight range post FOMC.
* USD focus is political gridlock, Fed speeches and data releases.
* CAD is flat with no domestic data today should take cues from USD.
* EUR is weak but within range; reacting to Italian politics & UK data.
* GBP weak—releasing a wide current account deficit & softer GDP.
* JPY is weak with focus on potential for pension diversification & taxes.
* AUD is strong but within recent range. RBA on Oct. 1 is the risk.
* NZD retraces yesterday’s losses—expect upside on RBNZ rate risk.
* CNY—flat spot but fixing is lower; speculation rises of band widening.
* Today: jobless claims, Q2 GDP, pending home sales & 4 Fed speeches.
Read full report: FX Daily
Scotiabank