FX space key headlines of events - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist, Managing Director at Scotiabank noted the main headlines around the FX market.

Key Quotes:

"USD is strong as 10‐yr yields flirt with a break above the 100‐day MA and the market looks to the FOMC minutes for judging a June hike."

"FX markets have been trading in ranges for the last month and it is a break of these ranges that will be important."

"CAD is soft supported by the broad USD move and yield spreads. Oil is still important but correlations suggest shift to rates and USD. "

"EUR is soft but still within yesterday’s range. Data was limited but media reports suggest Greece planning to ask for loan extension."

"EUR: ECB to release first set of minutes Thursday at 7:30am EST."

"GBP is strong as employment and wages surprises higher and BoE minutes provide few surprises."

"EUR/GBP reaches fresh lows with ongoing downside risk."

"USD/JPY is flat as the BoJ holds policy and highlights desire for FX stability but risk of further easing are ever present."

"AUD is soft but within Tuesday’s range with few developments."

"CNY is flat as China enters holiday week."