External broker reports(aggregated public sources), Scotiabank

Scotiabank

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

FX & Rates

<ul><li>Our note from February 19th suggested that we were perhaps “passing through the eye of the tariff storm” at that point as markets reacted relatively calmly to the torrent of tariff threats from the White House.</li><li>Developments over the past 24 hours suggest that the next wave of tariff uncertainty is breaking over markets.</li><li>I, like many other I suspect, had felt that the levying of 25% tariffs was highly unlikely. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Our note from February 19th suggested that we were perhaps “passing through the eye of the tariff storm” at that point as markets reacted relatively calmly to the torrent of tariff threats from the White House.Developments over the past 24 hours suggest that the next wave of tariff uncertainty is breaking over markets.I, like many other I suspect, had felt that the levying of 25% tariffs was highly unlikely. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Snapshot - Tariff Pile On to Keep the CAD Under Pressure