Analysis
USD/CAD eyes BoC as uptrend breaks down
The Bank of Canada becomes the second major central bank to meet amid the rapid spread of the Omicron variant. Policymakers
December 7, 2021
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The Bank of Canada becomes the second major central bank to meet amid the rapid spread of the Omicron variant. Policymakers
The aussie is bouncing today on the more positve risk mood, but it is the worst performing major currency so far
The dollar is making some gains this morning after deleveraging across the week abated and risk sentiment has turned more positive.
Sterling is the strongest major currency today but has been a little forgotten among all the recent volatility. That may be
CAD losses have been seen this week chiefly due to declines in crude oil prices. These have steadied overnight but both
AUD/USD clings to support around August lows The aussie, like all risky, high yielding currencies has endured a lengthy losing streak
It’s obviously unwise to be putting a lot of risk to work in the current environment. We are back to being
Safe havens are soaring and risk assets tanking on Black Friday. It’s an early close in the US for major markets
With oil prices stabilising, CAD has enjoyed a better week. The Bank of Canada’s relatively hawkish outlook also bodes well for
The dollar is powering higher this morning, especially against low yielding currencies like JPY and CHF. We get a deluge of
Volatility is expected overnight in the kiwi when the RBNZ meet to raise rates for a second consecutive time. A 25bp
European lockdowns are hitting confidence in the region and its currency. Austria is good indicator for where potentially the rest of
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