Scotiabank - FX Daily - CAD/MXN Gains Underscore Market's NAFTA Concerns

· USD quiet into crucial CPI; NZD & AUD outperforming; JPY tests October high.

· CAD consolidation continues; 2Y spread remains steady; near-term neutral.

· EUR quiet, softening modestly in response to latest ECB APP rumors.

· GBP extending this week’s gains with ongoing focus on Brexit tone; bullish.

· JPY tests fresh October high; election/popularity polls in focus into October 22.

· AUD & NZD outperforming in response to stronger than expected China trade.

· MXN under pressure; down 2.2% on week; CADMXN provides clarity on risks.

13 Oct 2017 - 13:06- ForexEconomic Commentary- Source: Scotiabank

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include: