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The Canadian dollar steadied on Wednesday, after sliding 1% a day earlier. Later today, the Bank of Canada gets together for its monthly meeting.BoC likely to pauseThe Bank of Canada is widely...
Fed Chair Powell opened the door to a 50bp hike and hinted at a higher peak rate in his semi-annual testimony. This was a reminder that picking the top in the dollar rally remains too risky....
Fed Chair Powell stresses the need for higher ratesDollar rallies across the board, as Fed hike bets surgeBoC is widely anticipated to stand pat todayWall Street feels the heat of Powell’s...
The USD/CAD is coming off a relatively quiet week but that could change as there are a host of key releases this week. Ivey PMI kicks things off later today, followed by the Bank of Canada rate...
Dollar slips as Chinese PMIs spark risk-on moodBut pares losses after ISM manufacturing PMI dataEuro traders await Eurozone inflation numbersRising Fed hike bets hurt Wall StreetDollar drops on China...
Strong China factory data boosts equities but rate hike fears limit gainsDollar pulls back, euro climbs as ECB starts QTAussie and loonie up on China optimism but soft GDP numbers weighMarkets buoyed...
Canadian GDP expected to slow in Q4It’s a very light data calendar for Canadian releases this week, with today’s GDP report the sole tier-1 event. Canada’s economy is expected to...
Following a relatively busy week, the calendar becomes lighter next week. However, that doesn’t mean there are no important economic releases on the agenda. On the contrary, with market...
Dollar strengthens as better PMIs add to Fed hike betsEurozone and UK PMIs also surprise to the upsideEquities and risk-linked currencies feel the heat of hike betsBetter PMIs fuel Fed hike bets and...
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