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Canadian Dollar, USD/CAD Key Points Traders are highly confident that the FOMC will cut interest rates by 25bps when it next meets…in 6+ weeks ISM Services PMI sees falling employment and surging...
Trump’s tariff hike on Canada grabbed headlines, but it’s Fed repricing and Powell’s hawkish tone that have kept USD/CAD pushing higher ahead of payrolls. Trump lifts Canadian tariffs to 35% Fed cut...
Correlation breakdowns are pointing to a regime shift in FX markets. With Fed expectations less dominant, GBP/USD and USD/CAD are thriving in a low-volatility, risk-on environment. USD correlations...
A fifth straight decline in initial jobless claims places even more emphasis on Tuesday’s CPI data to vindicate markets' residual bets on a September Fed cut. The consensus view has now emerged: a...
USD/CAD has been on a grind off late, having finally broken out of a brief period of consolidation, thanks in part to a moderate US Dollar recovery and stalling Oil prices. USD/CAD has, however,...
The Sino-American trade negotiations in London have yielded plans to revive the flow of sensitive goods, but have failed to mark a breakthrough and leave the US dollar still vulnerable to domestic...
In a social media post this morning, Trump said Xi Jinping is difficult to make a deal with, as markets await details on the scheduled call between the two leaders this week. There is some positive...
Surprises in growth and inflation have pushed the Bank of Canada into a corner, with markets now backing a hold in June. With USD/CAD bouncing at key technical support, the spotlight turns to...
Canada's core inflation hit 13-month highs in April. Odds of a BoC June cut slashed, CAD gains. UK core CPI is also expected to reaccelerate. Central bankers may have won the battle to tame...
USD/CAD has been on a grind higher since May 6 and has now returned to the key psychological level 1.4000 level. Volatility has subsided somewhat of late as trade deals and a rebound in overall...
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