USDCAD LOOKS OUT TO EMPLOYMENT & BOC POLOZ
* USD is soft as optimism over a 6‐wk extension to debt ceiling builds.
* Today: Washington, G20, IMF, Fed speakers & Cdn empl are focus.
* CAD stable into open, risk is employment, Poloz (2pm EST) & US gov’t.
* EUR is strong as risk appetite improves ‐ limited domestic news.
* GBP is flat with technicals flirting with bearish turn & softening data.
* SEK is strong on risk appetite & strong employment data.
* JPY is down immaterially into open after quiet session.
* NZD, AUD, NOK rally on rising risk appetite & limited domestic news.
Read full report: FX Daily
Scotiabank