FX markets are mixed with outperformance from CAD, NZD, JPY and MXN and weakness from the Europeans and AUD. This week holds major event risk (see below) and accordingly will have markets trading somewhat nervously. Today’s WSJ Hilsenrath blog suggest that the Fed might see the USD as a reason to be hesitate on signaling higher interest rates. It is going to be an interest week for markets.
Read the full report: FX Daily