Dollar Unwinds Jobs Report Gains north Overview: Despite the US jobs report, which was considerably better than the fears induced by the ADP estimate and the gradually rising jobless claims, and apparent resumption of China's rare earth exports to US (and European) auto makers, Asia and European participants sold into the dollar's [...]
Week Ahead: Stable Unemployment + Firm CPI = USD Recovery? north Last week, the US dollar fell to new lows for the year against half the G10 currencies, including sterling, the Norwegian krone, and Canadian, Australian, and New Zealand dollars. A key question is whether it is a breakout and a signal that ana acceleration of the dollar's decline is at hand. [...]
Euro Trades Quietly Ahead of the ECB's Rate Cut north Overview: The dollar is mostly softer today in narrow trading ranges, though it is firmer against the yen and Swiss franc. The weakness of US data (ADP, ISM services, and anecdotal Beige Book) lifted the market confidence of at least two Fed cuts this year. Most emerging market currencies are [...]
Canada will be left behind in the global crypto race north While other countries move toward integrating crypto into their financial systems, Canada is lagging, costing the country capital, talent and competitiveness. Canada’s direction on digital asset innovation remains uncertain.