Tim Riddell, senior market strategist at Westpac, points out that Canada’s CPI managed to hold steadier than markets had feared and so saw some pulling back in expectations for a more notably dovish BoC. Key Quotes “There are few signs of upside inflationary pressures building. Global trade and growth concerns will continue to be a key concern for BoC on 4th Sep as will the prospects of further FOMC cuts and ECB easing. Retail sales have peeled back from their spike higher in March and the June report is expected to show little in the way of rebound.” “The past month has also seen a notable lift in US policy shifts from Trump’s tweets as he seeks to bolster his core electoral support. G7’s climate and inequality agendas may frustrate Trump and see him lash out through trade tariffs which could be directed at Canada if Trudeau choses to bolster his green credentials in front of October’s election.” “Although oil has been steadier, it remains prone to global growth concerns and so the near term support for CAD from oil and CPI may well be short lived as USD/CAD trends towards 1.3600.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY: Holding steady – Commerzbank FX Street 4 years Tim Riddell, senior market strategist at Westpac, points out that Canada's CPI managed to hold steadier than markets had feared and so saw some pulling back in expectations for a more notably dovish BoC. Key Quotes "There are few signs of upside inflationary pressures building. Global trade and growth concerns will continue to be a key concern for BoC on 4th Sep as will the prospects of further FOMC cuts and ECB easing. Retail sales have peeled back from their spike higher in March and the June report is expected to show little in the way of rebound." "The past… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
