Scotiabank FX Daily – EUR Slides on Italian Budget Worries, CAD Holds Up

  USD broadly higher on the session and higher overall on the week.   CAD out-performs on the day as Poloz reaffirms gradualism.   EUR weakness may extend as Italy focus compounds 1.18 rejection.   GBP weaker after C/A deficit data, focus shifts to Tory party conference.   JPY softer despite lower unemployment, higher IP data.   AUD steadies near 0.72, little changed on the day.   MXN softer as equity sentiment sours on Italy. (scotiabank)