Scotiabank FX Daily: USD Trades Defensively Ahead of FOMC Decision

· USD broadly lower ahead of FOMC. Taper decision expected, focus on dots.

· CAD little changed in quiet trade as good USD supply emerges above 1.23.

· EUR grinding higher, technicals are bullish.

· GBP rallies on strong retail sales data but gains reverse quickly.

· JPY firmer, BoJ policy decision early Thursday expected unch.

· AUD firmer on RBA comments. NZ up on poll, firm GDP expected tonight.

· MXN strengthens in range after dipping on strong earthquake.

20 Sep 2017 - 12:48- Fixed IncomeEconomic Commentary- Source: Scotiabank

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