Scotiabank FX Daily - USD Extends Weakness, Retraces Half Of Rally From Sept.

· USD under pressure following most recent FOMC minutes w/ risk for 2018 path.

· CAD extending recent rally into retail sales at 8:30am ET; neutral-bullish.

· EUR threatening November 15 high, supported by fresh highs in PMI’s.

· GBP consolidating recent rally; GDP as expected & near-term risk limited.

· JPY quiet at fresh two month high; spreads adding to recent support from tone.

· AUD extending gains following Tuesday’s bullish reversal; technicals shifting.

· MXN consolidating recent rally; near-term risk in Banxico minutes 10am ET.

23 Nov 2017 - 12:53- Economic Commentary- Source: scotiabank

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