The German federal election result yielded the expected shift to the right—a win for the conservative CDU/CSU and gains for the far-right AfD, Scotiabank’s Chief…
BoC Governor Macklem said Friday the economy was on a ‘better footing’ on the back of a pickup in consumer demand but noted again that…
USD-bearish technical signals noted recently (‘engulfing’ patterns on the daily and weekly charts and a key reversal week on the ‘regular’ charts) remain the salient…
The Canadian Dollar (CAD) is a very moderate loser on the day, down a little more than 0.1%. The CAD continues to track the broader…
The US Dollar (USD) is trading higher on the day overall, with yesterday’s big winner, the JPY, this morning’s big loser after Japan’s January headline…
Preliminary Eurozone PMI data for February were mixed to slightly softer, weighing on the EUR somewhat in European trade, Scotiabank’s Chief FX Strategist Shaun Osborne…
UK Retail Sales rose a solid 2.1% in January, well ahead of expectations, after run of soft data in Q4, Scotiabank’s Chief FX Strategist Shaun…
The Euro (EUR) has managed a fairly solid-looking short-term rebound from yesterday’s low near 1.04 on little news other than the broader mood-shift on the…
Sterling is a little firmer on the session, regaining the low 1.26 zone where recent gains have stalled. The CBI Trends survey reflected slightly better—but…
The Japanese Yen (JPY) is leading the currency run higher on the US Dollar (USD), Scotiabank’s Chief FX Strategist Shaun Osborne notes. Markets position for…