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Market Eyes July 12 Bank of Canada Meeting
The recent hawkish tone of various Bank of Canada (BoC) policymakers has increased market expectations of a BoC rate hike on July 12. In the process, dollar/Canada (USDCAD) has headed lower. ThomsonReuters IFR (TRIFR) argued on Monday that “the crucial factor fuelling CAD moves has not been oil or interest rate expectations, it has been[…]
The Euro May Be Forging Ahead But What’s Driving It?
Jens Weidmann, who heads Germany’s Bundesbank and is a member of the European Central Bank’s (ECB) rate-setting body, confirmed Saturday that the ECB is deliberating how to move away from its current ultra-accommodative policy settings. “It will hopefully come and we’re working on that, we’re also discussing it,” Weidmann told an audience at a Bundesbank[…]
Taking Stock Ahead of Independence Day. Or Taking Stocky?
When taking FX positions traders will always rely on their own judgement but the factors they consider can vary. Sometimes even the calendar can be a factor that weighs. Today may be one of those moments given that the 4 July US Independence Day holiday falls this year on a Tuesday. A lot of US[…]