Markets, including FX, are relatively quiet leadinginto tomorrow’s Fed decision, where the focus will be on tapering, thetone and the economic forecasts. Global inflation continues to soften,which is proving a major driver of central bank policy and FX markets(note the Riksbank cut today on low inflation). There is a slight bias forUSD weakness leading into the release of US CPI.
Read the full report: FX Daily
Scotiabank