UK inflation data reflected the expected pick up in prices in November. The Pound Sterling (GBP) picked up a little support over the course of European trade but Cable is finding it difficult to hold gains through the low 1.27s, Scotiabank’s Chief FX S…
The US Dollar (USD) is narrowly mixed ahead of the outcome of the Fed policy decision later today. DXY gains through 107.15 should trigger another leg up in the index, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
UK labour market data reflected a larger than expected jump in Average Weekly Earnings in October (to 5.2%, from 4.4%) while ex-bonus pay also rose (5.2%, from 4.9%), Scotiabank’s Chief FX Strategist Shaun Osborne notes, Scotiabank’s Chief FX Strategis…
The Euro (EUR) is a little softer but is holding recent trading ranges against the USD, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Canadian Dollar (CAD) is softer again—which is no great surprise given the flow of news from Ottawa in the past 24 hours. Freeland’s shock departure from Finance and the tone of her resignation letter leaves a dense cloud of political uncertainty h…
The US Dollar retains a firm undertone. All eyes are on the Fed decision tomorrow because there is not much in terms of fresh news driving the USD forward on the session, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Euro (EUR) got a minor boost earlier from slightly better than expected preliminary December Eurozone PMI data, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
There is no relenting in the still developing pressure on the Canadian Dollar (CAD).
The US Dollar (USD) squeezed out a sixth, if marginal, consecutive gain overall on Friday and the Dollar Index (DXY) is tracking marginally higher for a potential seventh to start the week off, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
UK activity data for October was soft. Monthly GDP fell 0.1%, versus expectations of a 0.1% rise, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The usual leaks that follow ECB rate decisions emerged yesterday to suggest that policymakers are leaning towards 25bps cuts in January and March at this point.
The Canadian Dollar (CAD) remains under pressure into the end of the week amid rising trade tensions.
The US Dollar (USD) is ending the week on a mixed note. But the Dollar Index (DXY) is tracking lower from its intraday high, reflecting a rebound in the EUR from early session lows, and that does leave a bit of a dent in the short-term technical outloo…
The RICS House Price Index rose to 25 in November, up from 16 in October.
The Canadian Dollar (CAD) is steady. The BoC duly cut the policy rate 50bps yesterday and signaled that the pace of policy easing would moderate, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The US Dollar (USD) is mixed versus its major peers, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The ECB is expected to cut its policy rate 25bps to 3.00% this morning.
The Pound Sterling (GBP) is softer, in line with its major currency peers, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Euro (EUR) price action reflects the firmer tone in the USD overall as well as some re-widening in EZ/US short-term spreads, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Canadian Dollar (CAD) is soft, but little changed on the session, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Reuters reported that the Chinese authorities are considering abandoning their stable yuan policy and allowing the CNY to weaken, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Pound Sterling (GBP) is a moderate outperformer on the session, holding fairly comfortably in the mid-1.27s versus the USD, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Euro (EUR) is softer, slipping back to the low 1.05s after failing to hold gains through the low 1.06s late last week, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Canadian Dollar (CAD) is little changed overnight after slipping in late trade yesterday after PM Trudeau said Canada would retaliate in the event of new tariffs being imposed on Canadian exports under President-elect Trump’s administration, Scotia…
The US Dollar (USD) is narrowly mixed to a little firmer against the majors in quiet trade.
The Pound Sterling (GBP) retains a somewhat firm undertone in the upper 1.27s.
The Euro (EUR) has picked up a little support in the low/mid-1.05s following the chop seen around Friday’s US NFP data, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Canadian Dollar (CAD) has found a modest bid on the coattails of its commodity cousins even as President-elect Trump repeated his threat to impose huge tariffs on Canada, Mexico and China in his first major TV interview which aired over the weekend.
The US Dollar (USD) is somewhat softer on the session as markets react to further upheaval in uncertainty in the Middle East, more signs from China’s politburo that it will step up efforts to bolster stimulus efforts and comments from President-elect T…
The Canadian Dollar (CAD) is a little softer but still holding well within recent ranges, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The BoE’s Decision Maker Panel boosted year ahead inflation expectations to 2.8% in November, from October’s 2.5%, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
A rebound in French markets following this week’s political turmoil has done little for the EUR, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The US Dollar (USD) is tracking a little higher ahead of the US jobs report.
The Pound Sterling (GBP) is a moderate outperformer on the session, gaining a little over 0.5% on the softer US Dollar (USD), Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Euro (EUR) is nudging a little higher following yesterday’s successful noconfidence motion in the French government.
The Canadian Dollar (CAD) is little changed again on the session so far.
The US Dollar (USD) is trading a little softer overall in quiet trade.
The Pound Sterling (GBP) is little changed on the session, but the GBP price action is leaning a little more positive, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Final Eurozone November Composite and Services PMIs were revised up a little from the preliminary data (48.3, from 48.1 and 49.5, from 49.2 respectively).
The Canadian Dollar (CAD) is little changed. CAD is a marginal outperformer among the major currencies as a consequence, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The US Dollar (USD) is tracking a little higher overall this morning, lifting the DXY to the mid-106 area and potentially setting up trading today for a little more strength— despite usually negative seasonal trends for the dollar broadly in December.
The Pound Sterling (GBP) is registering a very marginal gain on the USD on the session but it is trading flat effectively Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Euro (EUR) has picked up a little ground as market concerns about the impending French government no confidence vote (likely Wednesday) appear to have eased, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Canadian Dollar (CAD) is little changed on the session.
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