The US Dollar (USD) is slightly softer on the session. The USD benefitted from stronger than expected preliminary March US PMI data yesterday which fended…
The Canadian Dollar (CAD) is little changed on the session, Scotiabank’s Chief FX Strategist Shaun Osborne notes. USD/CAD remains strongly overvalued “Markets remain transfixed by…
Germany’s IFO business sentiment release was in line with expectations on the headline print (86.7 vs. 85.3 prev) and offered upside surprises on both the…
The US Dollar (USD) is mixed to slightly lower overall as FX markets continue to consolidate. Risk appetite has perked up a little amid some…
The Canadian Dollar (CAD) is modestly firmer on the session but still well within recent trading ranges, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Carney…
Stronger than forecast French PMI data across the board plus slightly disappointing German Services and Composite data resulted in some mixed Eurozone PMIs for March—an…
UK PMI data for March were mixed. Manufacturing output weakened to 44.6 (from 46.9 and against forecasts for a rise to 47.2), Scotiabank’s Chief FX…
The US Dollar (USD) is ending the week a little firmer overall—but still a bit shy of breaking out from the consolidation range in place…
The Canadian Dollar (CAD) is little changed on the session, Scotiabank’s Chief FX Strategist Shaun Osborne notes. USD can return back to the low/mid-1.42s “BoC…
Spot continues to consolidate in the low 1.08s, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Germany approves spending plans “EU leaders failed to reach an…