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Canada expected to have added 25,000 new jobs in October. Fed cuts rates by 25bps as expected. US dollar gives back some of this week’s gains. USDCAD: open 1.3891 overnight...
Economic Outlook and Summary October was the opposite of September. Where September was mostly a “risk-on” month thanks to Powell’s dovish comments at the end of August, October was full-bore...
Fed rate cut of 25 bps fully priced in. BoE does as expected and cuts rates by 25 bps. US dollar trading with a bit of a bid ahead of...
Trump wins and US dollar soars Focus shifting to FOMC meeting tomorrow. US dollar rallies hard against all the majors. USDCAD: open 1.3893 overnight range 1.3822-1.3939 close 1.3826, WTI...
Global markets in park until after US election. China data and RBA boost AUD US dollar opens modestly lower after dull overnight session. USDCAD: open 1.3885, overnight range 1.3880-1.3907...
FOMC and Election the key focus Opec delays December production hike. US dollar is trading defensively in thin markets. USDCAD: open 1.3910, overnight range 1.3892-1.3928 close 1.3961, WTI...
Weak Canadian growth weighs on Loonie Nonfarm payrolls likely a non-event due to upcoming US election US dollar opens drifts higher in dull overnight session. USDCAD: open 1.3930, overnight...
Canadian economic growth expected to be flat in August. US data will be overshadowed by upcoming election. US dollar opens mixed, but little changed from yesterday. USDCAD: open 1.3920,...
Loonie suffers on interest rate outlook. US GDP and quarterly earnings reports in focus. US dollar trades modestly lower but not against CAD USDCAD: open 1.3915, overnight range 1.3902-1.3925, ...
BoC Governor testifies to Parliament today. Focus is on US election, not data. US dollar opens defensively as it consolidates recent gains. USDCAD: open 1.3880, overnight range 1.3876-1.3901, close...
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