Leading into the US employment release, marketsappear positioned for a strong release, which would support a neartermUSD rally. China’s export growth disappointed, rising just 4.3%y/y, but it took over as the largest global trading nation. Yesterday’s ECBmeeting highlights the importance of inflation data for currencies; buttoday’s focus is on the release of nonfarm payrolls.
Read the full report: FX Daily
Scotiabank