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Low Volatility May Give Euro Bulls Pause For Thought
The US dollar may have taken a dip versus the euro (EURUSD) on Monday after worse-than-expected US durable goods data but traders will be aware that durable goods is a pretty volatile number and tends not to influence currency markets for too long. This is perhaps illustrated by the spread of forecasts. Overall orders for[…]
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[…]