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Inflation Data Leaves CAD Bulls On Horns Of A Dilemma
Canadian inflation (CPI) rose by 1.3 percent in May, Statistics Canada revealed on Friday, below both the 1.5 percent forecast of economists polled by Reuters and April’s 1.6 percent. The importance of the data had been enhanced by the fact that in the run-up to its release, comments such as from Bank of Canada (BOC)[…]
Smoke and Mirrors?
“There has been a strongly held view in the markets that BoE Chief Economist Andy Haldane is the most dovish MPC member,” wrote Japan’s Bank of Tokyo-Mitsubishi UFJ (BTMU) on Thursday before adding that “was our view also until yesterday’s surprising comments when Haldane indicated he nearly voted for a hike this month and believes[…]
A Long And Winding Road For The Euro?
Japan’s Bank of Tokyo-Mitsubishi UFJ (BTMU) believes that “sentiment toward the euro is changing and this outcome can only reinforce the more positive sentiment over the short-term,” noting that “the IMM speculative positioning data revealed a further modest increase in long positions in the week to last Tuesday following the turn the previous week to[…]