Results for Bank of Canada
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Dollar Slumps, Yuan Rallies by Most this Year amid Intervention Talk

October 26, 2022
Overview: The US dollar is having one of toughest days of the year. It has been sold across the board and taken out key levels like parity in the euro, $1.15 in sterling, and CAD1.36. The Chinese yuan surged over 1%. Chinese officials promised healthy bond and stock markets. There is some talk that the PBOC may have intervened directly in the fore…
Dollar Slumps, Yuan Rallies by Most this Year amid Intervention Talk Dollar Slumps, Yuan Rallies by Most this Year amid Intervention Talk Reviewed by Marc Chandler on October 26, 2022 Rating: 5
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Currency and Bond Markets Challenge the Bank of Japan

October 19, 2022
Overview: Asia Pacific equities were mixed as the China, Hong Kong, Taiwan, and South Korean markets, among the large markets were unable to gain in the wake of a solid performance in the US. Europe is also struggling to maintain the upside momentum that has lifted the Stoxx 600 for the past four sessions. It is nearly flat as this note is penned.…
Currency and Bond Markets Challenge the Bank of Japan Currency and Bond Markets Challenge the Bank of Japan Reviewed by Marc Chandler on October 19, 2022 Rating: 5
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Turn Around Tuesday Aside, is the Dollar Topping?

October 18, 2022
Overview:  Global equities moved higher in the wake of the strong gains in the US yesterday. US futures point to the possibility of a gap higher opening today. Most of the large Asia Pacific bourses rallied 1%-2%, with China’s CSI a notable exception, slipping fractionally. Europe’s Stoxx 600 is edging higher and is near two-week highs. If the gai…
Turn Around Tuesday Aside, is the Dollar Topping? Turn Around Tuesday Aside, is the Dollar Topping? Reviewed by Marc Chandler on October 18, 2022 Rating: 5
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Sterling and UK Debt Market Respond Favorably to the Return of Orthodoxy

October 17, 2022
Overview: The markets have returned from the weekend with a greater appetite for risk. Equities and bonds are rallying, and the dollar is better offered. China, Hong Kong, South Korea, and Indian bourses advanced. Mainland shares edged higher even though Zhengzhou, a city of one million people, near an iPhone manufacturing hub was locked down due …
Sterling and UK Debt Market Respond Favorably to the Return of Orthodoxy Sterling and UK Debt Market Respond Favorably to the Return of Orthodoxy Reviewed by Marc Chandler on October 17, 2022 Rating: 5
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The Yen and Yuan Continue to Weaken

September 07, 2022
Overview: While the US dollar appears to be consolidating its recent gains, the Japanese yen and Chinese yuan remain under pressure. Officials seem more concerned about the pace of the move than the level it has reached. New and large fiscal initiatives that the new UK government has floated has failed to change sentiment toward sterling, which is…
The Yen and Yuan Continue to Weaken The Yen and Yuan Continue to Weaken Reviewed by Marc Chandler on September 07, 2022 Rating: 5
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RBA, BOC, and ECB Meetings and more in the Week Ahead

September 03, 2022
All three major central banks that meet in the coming days will hike rates. The question is by how much. The Reserve Bank of Australia makes its announcement early Tuesday, September 6. One of the challenges for policymakers and investors is that Australia reports inflation quarterly. The Q2 estimate was released on July 27. It showed prices accel…
RBA, BOC, and ECB Meetings and more in the Week Ahead RBA, BOC, and ECB Meetings and more in the Week Ahead Reviewed by Marc Chandler on September 03, 2022 Rating: 5
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Market Prices in More Aggressive Fed AND is more Confident of Rate Cuts by the End 2023 Market Prices in More Aggressive Fed AND is more Confident of Rate Cuts by the End 2023 Reviewed by Marc Chandler on July 14, 2022 Rating: 5
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