Winners and losers this week - Scotiabank

Analysts at Scotiabank explained that constructive comments from Fed officials on the US economic outlook are helping underpin the USD.

Key Quotes:

"Officials appear to be making a conscious effort to persuade the market of the merits of the Fed’s revised rate forecast profile.

The USD has gained broadly but the commodity currencies are bracketing the G-10 performance league, with the CAD a relative outperformer a growth-supportive Federal budget while the NZD is under-performing, reflecting generally softer trends in Asia regional FX. "