Scotiabank FX Daily – CAD Vulnerable As NAFTA Talks Resume In DC

  USD narrowly mixed in relatively quiet trade; JPY underperforms despite tone.   CAD vulnerable as yield spreads widen; high level NAFTA talks resume in DC.   EUR barely changed despite stronger ZEW; Bund-BTP spread narrowing.   GBP unexpectedly softens despite stronger wage growth; Carney extends term.   JPY soft & underperforming G10, unable to capture haven-driven gains.   AUD hits fresh 2.5 year lows under 0.71 as markets focus on trade tensions.   MXN quietly consolidating within one week range; ind. prod. data 9am ET. (scotiabank)