Scotiabank FX Daily – CAD Extends Tuesday’s Bearish Turn; All Eyes On BoC

  USD mixed vs. G10 ahead of U.S. market closure; Beige Book released 2pm.   CAD soft into BoC, returning to bear channel; BoC hold expected; neutral.   EUR climbs as services/composite PMI’s offer positive surprises; neutral/bullish.   GBP outperforms despite weaker PMI’s as mkts. focus on Brexit developments.   JPY soft following Tuesday’s surge; narrow spreads remain supportive.   AUD tumbles on GDP disappointment ahead of 7:30pm ET trade & retail sales.   MXN attempting stabilization around lower end of recent range; neutral. (scotiabank)