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Volatility returns to USDCAD

Volatility returns to USDCAD

The Canadian dollar was one of the more exciting G10 currencies against the dollar last week with only the Norwegian krone and British pound proving more volatile.

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Global risk appetite sneezes

Global risk appetite sneezes

G10 FX markets are trading with a risk-off feel this morning, with the US dollar up against much of the G10, but down versus JPY and flat against EUR. The parameters of the virus’s epidemiological characteristics, namely its virulence and fatality, will be in focus this week, as will the extent of its international contagion.

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Retail sales key after BoC pivot

Retail sales key after BoC pivot

The loonie’s price action mapped roughly what happened in fixed income markets as traders also trimmed their bets of a rate cut by the Bank of Canada in March at the margin. The implied probability of a cut in March now sits at 24.6%.

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Loonie slumps as BoC strike dovish tone

Loonie slumps as BoC strike dovish tone

CAD The loonie sold off substantially during yesterday’s session as the Bank of Canada’s policy statement removed the word “appropriate” when describing current monetary conditions. Upon its release, market’s took this as a signal that rates will be changed in the...

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Loonie sent tumbling by OPEC comments and poor data

Loonie sent tumbling by OPEC comments and poor data

The loonie was sent tumbling yesterday after comments from OPEC’s Secretary-General Barkindo sparked fears that the cartel would scale back previous supply cuts. Yesterday’s manufacturing sales data was also disappointing with the release undershooting expectations by 0.1 percentage points at -0.6% MoM.

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Loonie slides as OPEC meeting back on

Loonie slides as OPEC meeting back on

The RIA news agency cited comments from OPEC’s Secretary-General Barkindo yesterday who said the March meeting will go ahead. This goes against the markets preconception that the status quo in output cuts will be maintained until a meeting is held in H2 2020.

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Meet the team

Ranko Berich

Ranko Berich

Head of Market Analysis

Ranko Berich heads up the team of analysts at Monex Canada and Monex Europe. The analysis team provide timely insight and commentary on developments in currency movements and their drivers.
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Simon Harvey

Simon Harvey

FX Market Analyst

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Olivia.Alvarez

Olivia Alvarez

FX Market Analyst

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