• The minutes of the latest RBA policy meeting contained no surprises and more or less reflected the meeting statement. There was little in the minutes to suggest that there may be a change in...
• The greenback extended its recent losses yesterday, amid renewed political turmoil in Washington DC. The latest media reports suggest that President Trump asked former FBI Director Comey to drop...
• The US dollar continued to collapse yesterday, with the USD index reaching its lowest level since November amid heightened uncertainty on the US political front. The recent media reports...
• The greenback rebounded yesterday helped by a video clip of former FBI Director Comey’s testimony on the 3rd of May. Under oath, Comey suggested that there had been no obstructions to FBI...
• The Bank of Canada is expected to stand pat once again. We see the case for policymakers to shift to an even more cautious tone than previously, in light of the recent tariffs from the US.
• The US dollar extended its recent losses on Friday amid continued uncertainty on the US political front and some dovish comments from St. Louis Fed President James Bullard. The policymaker...
• In the UK, lots of key economic data are due out, among which inflation figures. However, with the recent BoE meeting now out of the way, we think that investors are likely to turn their...
• The Canadian dollar tumbled during the early Asian morning Tuesday, following an announcement by US Commerce Secretary Ross that his nation will impose a 20% tariff on softwood lumber coming...
• In Canada, we expect the BoC to remain on hold and maintain its relatively dovish tone despite the latest improvements in the profile for economic growth.
• In Australia, we expect the RBA to remain on hold and maintain its neutral bias. However, we see the risks as skewed towards a more dovish narrative.