- January 29, 2018
- Posted by: Joey Benedid
- Category: Market News
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A quiet beginning to the week as Davos has ended and no significant data releases are due out until Tuesday evening when Australian inflation numbers will be released. The week begins to heat up on Wednesday with the FOMC rate statement, where no hike is anticipated, UK manufacturing data on Thursday & U.S. non-farm payrolls on Friday to round out the week.
USD/CAD has survived a relatively uneventful round of NAFTA meetings in Montreal which concludes today. We remain rangebound between 1.2280-1.2400 for the time being as we await Canadian GDP on Wednesday for further clarification on the state of our economy, which, in turn, will give guidance to further BoC rate decisions.