Scotiabank FX Daily – FX Quiet To Start The Week; CAD & MXN Underperforming

USD mixed vs. G10 with AUD, NZD & JPY outperforming; CAD & MXN weak.

CAD consolidating last week’s rally; spreads & sentiment are supportive.

EUR steady around 1.23; narrow trading range to persist.

GBP consolidates around 50 DMA; focus on Brexit in absence of data releases

JPY outperforming most G10 currencies into Monday’s NA session; bullish.

AUD extending Friday’s rally & outperforming G10 on U.S. tariff exemption.

MXN consolidating last week’s rally; underperforming G10 into NA open.