Scotiabank FX Daily – USD Broadly Higher As China Returns From Holiday

  USD extending gains as markets eye shutdown, trade, and Brexit risks.   CAD quietly consolidating with limited domestic risk; all eyes on market tone.   EUR testing 1.13 & threatening extension to fresh 2019 lows; neutral/bearish.   GBP weak & extending through 1.29 on disappointing GDP & weak I.P.; bearish.   JPY weakens to fresh 2019 low despite broader concerns; local markets closed.   AUD soft & fading back toward 0.70; 12mo. OIS pricing ~10bpts of RBA cut.   MXN range bound consolidating within month-long triangle; neutral/bearish. (scotiabank)