The USD maintains a firm base due to widened yield spreads, while the CAD struggles against robust US data. The EUR leads G10 performance ahead of upcoming ECB policy decisions.
Key Takeaways
- 1.The USD remains supported by firmer short-term interest rate spreads despite a slightly softer tone heading into Friday's NFP data.
- 2.CAD weakness continues, driven by widening US/Canada interest rate spreads and weak domestic economic data.
- 3.EUR outperforms G10 peers as markets remain focused on expectations for a 25bpt ECB rate hike next week.
Table of Contents
- Overview
- FX Market Update
- USDCAD
- USDCAD short-term technicals
- EURUSD
- EURUSD short-term technicals
- GBPUSD
- GBPUSD short-term technicals
- USDJPY
- TODAY'S CALENDAR
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Authors
Shaun OsborneEric Theoret
Securities
DXYUSDCADEURUSD
Themes
Central Bank Policy DivergenceWidening Yield SpreadsGeopolitical Risk
Regions
GlobalAsia PacificMiddle EastUnited StatesCanadaIndia