Scotiabank FX Daily – USD Trading Higher Into U.S. CPI; CAD Risk In Poloz

USD trading mostly higher; NZD & SEK seeing modest gains; JPY & gold weak. CAD soft into Poloz however spreads & risk reversals hint to support; bullish. EUR steady w/ short-lived pop on ECB Lane’s comments on FX. GBP firm but still range bound as markets focus on spring statement & Russia. JPY underperforming G10, fully retracing scandal-driven gains; risk in mkt. tone. AUD flat consolidating in upper 0.7800 area; domestic risk limited. MXN steady, not seeing any meaningful support from broader risk appetite. (Scotiabank)