Scotiabank - FX Daily - USD Mixed Into Draghi, Powell, Brainard Appearances

· USD consolidates following FOMC minutes; NZD outperforming; GBP weak.

· CAD fades modest rally to fresh October high; 2Y spread is steady; neutral.

· EUR quiet, testing fresh October high; spreads favor USD; Draghi risk 10:30am.

· GBP pressured by Brexit comments from EU’s Barnier; technicals bearish.

· JPY outperforming most G10 currencies; 10Y spread dominant; neutral-bullish.

· AUD & NZD outperform in response to cautious Fed minutes, NZ politics.

· MXN quiet, consolidating recent decline; NAFTA risk remains elevated.

12 Oct 2017 - 13:02- ForexEconomic Commentary- Source: Scotiabank

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