EUR is the sole underperformer heading into the NA session, down 0.2% as all of the remaining currencies are up vs the USD. AUD is outperforming, followed by NZD and SEK as JPY, GBP and CAD show moderate strength. China’s President Xi has reinforced his com-mitment to economic reform following Monday’s appointment in which he was named head of a key group tasked with implementing the re-cently announced Third Plenum reforms. US data scheduled for release in the NA session include the S&P Case-Shiller housing price index (see middle chart), the Chicago PMI, and the Conference Board’s consumer confidence index.
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Scotiabank