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CAD: Bringing Forward Our BoC Hike Call To Q4; Where To Target? – CIBC

CIBC FX Strategy Research notes that CAD was lent support last week from a sudden change in tune by the Bank of Canada, as Senior Deputy Governor Wilkins and then Governor Poloz hinted that interest rates would be rising soon.

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Dollar slides as sour data weighs

The dollar slipped across the board on Friday on worse-than-expected housing and consumer sentiment figures, with the yen under pressure after the Bank of Japan left interest rates steady and signaled it was in no hurry to tighten policy.

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IMM Report: ‘Considerable Amount Of Uncertainty’ For CAD, AUD N-Term

Scotiabank FX Strategy Research comments on the latest IMM report (covering up to Tuesday June 13 and incorporating BoC tone shift but ahead of FOMC, BoE, and BoJ)& were released Friday June 16).

In particular, ScotiaFX notes a similar Read More →