Scotiabank FX Daily - USD Broadly Weaker But Quiet Trade Likely Today

· USD is performing poorly in Nov, may be setting up for more losses into Dec.

· CAD firmer on rising crude oil prices even if wide spreads remain a restraint.

· EUR well-supported on positive IFO data, technicals. Bullish.

· GBP ignores weak consumer confidence, nears key tech test at 1.3335/45.

· JPY steadies around 111; intraday resistance at 111.70 for USDJPY.

· AUD flat on the day, steadies after test of low 75 cent area.

· MXN up strongly on the week on CPI, oil.

24 Nov 2017 - 13:06- ForexEconomic Commentary- Source: Scotiabank

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