Markets return from the summer malaise with a number of political and trade issues to digest, most notably NAFTA and US/China trade talks, according to analysts at TD Securities.
Key Quotes
“These events – especially the former – are likely to keep the dollar bloc currencies on their back foot.”
“NAFTA negotiations will likely overshadow the BoC’s rate decision. Though we expect a constructive narrative to emerge, a lot of good news has already been reflected in the CAD price.”
“We expect USDCAD dips to be supported, while CADNOK appears to be the next shoe to drop.”
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