Scotiabank FX Daily – USD Gains Broadly on Renewed Trade Tensions

  USD rises as US lists USD200bn of possible additional China tariffs.   CAD softer ahead of widely expected 25bps hike from BoC.   EUR slid in reaction to US tariff news but remains supported in the 1.17 area.   GBP steady as political risks diminish—for now.   JPY out-performs on crosses, USD pressures major trend at 111.50.   AUD, NZD under-perform broadly on trade tensions.   MXN slides on risk aversion but USD gains capped around 19 level. (scotiabank)