Markets are mixed with stronger equities, US 10‐years at 2.96% and a mixed USD. Today’s trade data and two non‐voting dovish Fed speakers (Williams and Rosegren—see calendar on page 3)are unlikely to sustainably shift current trends. Markets are likely to besomewhat quiet leading into the risk later this week (Fed minutes onWed, ECB on Thursday and nonfarm payrolls on Friday).
Read the full report: FX Daily
Scotiabank