The dollar extended losses while stocks nudged higher on Wednesday ahead of key US inflation data that could influence the Federal Reserve’s policy stance.
The Canadian Dollar is the second-best performer against the US dollar so far in June, gaining 1% thanks to higher oil prices and increased expectations around a BoC rate hike.
Mixed Trade As Focus Turns To US CPI & Fed Minutes
The countdown begins for the heavily anticipated U.S inflation that data that may impact the Fed's monetary policy path. Most Asian stocks struggled for direction on Wednesday, while European and US equity futures are both pointing to a mixed open in what feels like the calm before a potential storm!
The FX world could see some heightened volatility if the US Dollar receives a double boost, along with any surprises out of G10 central banks in action over the coming week:
The dollar extended losses while stocks nudged higher on Wednesday ahead of key US inflation data that could influence the Federal Reserve’s policy ...
EURUSD GBPUSD NZDUSD USDJPY SPX500_m NQ100m Federal Reserve inflation Bank of Canada
The Canadian Dollar is the second-best performer against the US dollar so far in June, gaining 1% thanks to higher oil prices and increased expectatio...
Bank of Canada Canadian Dollar Crude Oil OPEC+ Dollar Federal Reserve inflation Rates SMA
The countdown begins for the heavily anticipated U.S inflation that data that may impact the Fed's monetary policy path. Most Asian stocks struggled f...
Stocks Markets inflation Federal Reserve Gold Oil Bank of Canada Rates USD
The FX world could see some heightened volatility if the US Dollar receives a double boost, along with any surprises out of G10 central banks in actio...
US Dollar USDJPY USDCAD AUDUSD Reserve Bank of Australia Bank of Canada Bank of Japan Fed Chair Jerome Powell Federal Reserve inflation Nonfarm Payrolls US jobs report NFP