Market News

The Dollar is steady today as traders still face concerns of global trade tensions and emerging market turmoil. Today is the deadline for public input on $200B in tariffs against Chinese imports. Trump is looking ahead to the midterm elections, and imposing more tariffs on China may be a political tool to appease his supporters.

As we come back from the long weekend, trade tensions are front and center as negotiations with China continue to deteriorate a new North American trade deal has yet to be reached by the North American counterparts. The Dollar rose across the board this morning as trade concerns between China and the US continue to

The Dollar was lower during the overnight session as US-China trade tensions were escalated again after it was announced that Trump wants to moved ahead with the plan to impose $200B worth of tariffs on Chinese goods. The Dollar subsequently got a boost this morning as we entered the North American session when a Canadian

The Dollar Index is down this morning for the fifth consecutive day, as global trade tensions appear to ease and investors are more willing to take risks on currencies outside of the safe-haven status. With some investors betting on deal being reached to replace NAFTA, CAD and MXN have seen gains over the past week

A new North American trade deal appears to be near the finish line, as the US has set a strict deadline on Friday for a deal to be completed. Time will not be a friend to the negotiators as Canada just joined the table yesterday afternoon. The markets are still confident that a compromise can

The Dollar is broadly higher after the Fed Minutes indicated that further interest hikes were still on the horizon – with a 92.3% chance of a hike in September and forecasts for another hike in December. The boost in the Dollar was spurred by the Fed stating that they continue to expect the US economy

The Dollar is lower across the board after Trump spoke with Reuters and stated his displeasure with current Fed boss Jerome Powell for hiking rates and not assisting the President with boosting the economy. This is not the first time that the Trump administration has gone against the grain and called out the Federal Reserve.

After surprising inflation data out of Canada on Friday morning, the Canadian Dollar roared back against USD erasing Dollar gains from earlier in the week. CPI Inflation accelerated growth YoY by 0.5% (3.0% vs 2.5%), which is the highest levels we’ve seen since September 2011. Despite traders appearing to be bullish on CAD, current pricing

After a quiet week on the sidelines, the Canadian Dollar made news this morning with a better than expected CPI release beating expectations by 0.5%. CAD clawed back 70pts this morning against the dollar following the positive news. With no major US data today, the Dollar is quiet leaving it susceptible to CAD strength. The

The Dollar Index continues to climb, breaking above highs that we saw in July 2017. Signs that the US economy remains robust ahead of what is expected to be another interest rate hike next month have helped the Dollar dominate against other currencies over the course of the last few weeks. After the freefall that