Scotiabank FX Daily - FX, Broader Tone Slightly Disconnected Into U.S. Holiday

· USD mixed with JPY, CHF, gold outperforming as NOK, MXN, AUD soften.

· CAD rises modestly, building on Tuesday’s reversal; focus on ToT not oil.

· EUR quiet in narrow ranges; focus on ECB headline risk ahead of minutes.

· GBP extending run of modest gains; Autumn Statement the near-term risk.

· JPY rising back toward Monday’s one month high, ignoring spreads.

· AUD softens into NA open, fading Tuesday’s Lowe-driven gain.

· MXN quiet, consolidating Tuesday’s impressive 1.2% rally.

22 Nov 2017 - 13:11- ForexEconomic Commentary- Source: scotiabank

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