Currencies and Forex Analysis & Opinion

The US dollar lost some ground yesterday on a correction lower in Treasury yields, but upside risks from the US election persist. Donald Trump’s seemingly stronger momentum should translate to higher...

USD The dollar’s climb continued on Wednesday, with the DXY index gaining another 0.3%. Even so, yesterday afternoon saw the greenback appear to hit a ceiling, not unsurprisingly we think, given our...

This is the first BRICS summit since Egypt, Ethiopia, Iran, and the UAE joined the bloc earlier this year. Among many things on the agenda is the issue of reducing reliance on the US dollar in...

CAD This afternoon’s BoC decision should be the big market event of the day. We expect to see the Governing Council cut rates by 50bps – a step up in the pace of easing after a series of 25bp moves...

The EUR/USD pair was a tad higher during the first half of the European session, but just like the previous day the small gains could prove to be short-lived as the US dollar continues to strengthen...

CAD Perhaps unsurprisingly, tomorrow’s BoC meeting is likely to be garnering the majority of attention from loonie traders today. Markets see an 86% chance that the Governing Council delivers a 50bp...

A strong U.S. economy and geopolitical risks are key drivers for the US dollar's current trajectory. Differing central bank approaches globally favor the dollar amid potential trade policy...

CAD The one major central bank decision of significance this week is set to come from the BoC. We are looking for a 50bp cut, with markets currently split between looking for either that, or a...

CAD A blank data calendar and an upcoming BoC decision next week should see loonie traders’ attention today focused on risks that the Governing Council could accelerate the easing pace ahead of their...

CAD USDCAD continues to trade below 1.38, even in spite of Wednesday’s soft inflation data, and a broader rally for the dollar. Indeed, this comes despite building speculation that the BoC could...

CAD Similar to the UK, yesterday’s Canadian inflation print was also soft. Unlike pound however, the loonie made gains post release, much to our surprise. USDCAD is now trading sub 1.38 in spite of...

CAD This afternoon’s Canadian CPI release, published at 13:30 BST, is arguably the major data release of note today. We expect to see headline inflation drop to 1.8% YoY, falling below the 2.0% BoC...

EUR/USD traders await the ECB meeting as the pair hovers near key support levels. Shifting Fed and ECB rate cut expectations continue to drive volatility in the pair. Upcoming U.S. economic data and...

CAD Canada is out today for Thanksgiving, which should keep loonie price action muted to start the week. Tomorrow, however, September’s Canadian inflation report should be a key event for the loonie....