The US dollar looks strong against almost all currencies, except the Japanese yen, a safe haven as well. After covering over 10 currency pairs, we discussed the negative impact of China’s disappointing data with a special focus on the Australian dollar, both from a fundamental perspective and a technical one. New Zealand is similar, but with a silver lining. Moving to the old continent, positive French data helped mitigate the Volskwagen fallout. Looking ahead, we await Canadian retail sales, another speech from FOMC’s Lockhart and most importantly Mario Draghi. A week after the Fed, a response from the other side of the Atlantic is awaited. But is it already priced in?
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