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Scotiabank

June 8, 2026

Daily FX Update

Daily UpdateFXRates Govt BondsCommoditiesEnergy

The USD remains firm amid geopolitical conflict and safe-haven flows. Central banks are in focus, with expected policy shifts from the ECB and BoJ while the BoC and BoE maintain a hold stance.

Key Takeaways

  • 1.The USD remains firm due to haven demand amid geopolitical tensions and rising inflation expectations.
  • 2.The BoC and BoE are expected to hold rates, while markets anticipate a 25bpt hike from the ECB and BoJ.
  • 3.Technical indicators suggest continued upward momentum for the DXY index.

Table of Contents

  • Overview
  • USD Retains Firm Undertone on Gulf Tensions
  • 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

DXY

Themes

Geopolitical RiskMonetary Policy Divergence

Regions

North AmericaEuropeAsia PacificUnited StatesCanadaJapan