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Spotlight Turns to FOMC Minutes and Canada CPIs


Risk sentiment was hurt today during the Asian session as China threatened the US with retaliation after the US Senate passed a bill in support of Hong Kong protests. As for today, investors are likely to turn their gaze to the minutes of the latest FOMC meeting. The Loonie was the main loser among the G10 currencies, perhaps driven by the tumble in oil prices. Today, its traders could pay attention to Canada’s inflation data for October.

US-China Concerns Increase, FOMC Minutes in Focus

The dollar traded mixed on Tuesday and during the Asian morning Wednesday. It gained against CAD, NOK, GBP and SEK, while it underperformed versus NZD, AUD and JPY. The greenback traded virtually unchanged against EUR and CHF.

Although not so clear by the performance in the FX world, risk sentiment took another hit today during the Asian session and the driver was once again headlines surrounding the...

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Source: https://www.jfdbank.com/en/research/spotlight-turns-to-fomc-minutes-and-canada-cpis-20191120
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