The Fed and the Bank of Canada appear to have shifted into data-watching mode following the 25 basis-point ease in the United States and the Bank of Canada’s 50 basis-point slice to the overnight rate in April. The Fed’s policy statement suggested that committee members view the cumulative 325 basis points of easing plus non [...]
Fed and Bank of Canada signal end of easing cycle is near
May 3rd, 2008 · No Comments
Tags: FED
A Quiet Start to the Week; Bank of Canada Rate Decision Tomorrow
April 21st, 2008 · No Comments
There are no significant data releases scheduled today, with the resulting limited event risk presenting the scope for a quiet start to the week. The February Canadian international securities transactions data is unlikely to move markets, while there are no data releases scheduled in the U.S. Three Fed officials are scheduled to speak today, but [...]
Tags: USD/CAD
Canadian Dollar Morning Comment - 4/17/08
April 17th, 2008 · No Comments
Overnight Spot Trading Activity: Weak CPI Data Fails to Weaken CAD
Asia: USD/CAD hovered around parity as the North American session began, with the market shrugging off weaker than expected CPI data. Prices traded with a bid tone in early Asian trading, as USD/CAD sliced through interbank selling interest near 1.0010 to a high of 1.0025 [...]
Tags: Canada Canadian Economy