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US-China Spat Makes the Front Page Again, BoC Decides on Rates

JFD

Risk appetite eased yesterday, and the driver may have once again been concerns over the US-China trade spat. This also prompted investors to add to their bets with regards to lower rates by the Fed. That said, the dollar gained, as it put its safe-haven suit on. As for today, CAD traders will lock their gaze on the BoC rate decision. No change in interest rates is expected, so all the attention is likely to fall on the accompanying statement.

Risk Appetite Eases Again on US-China Worries

The dollar traded higher against most of the other G10 currencies on Tuesday and during the Asian morning Wednesday. It gained the most against CAD, EUR and CHF in that order, while it underperformed against JPY, and fractionally against AUD.

Although not so clear by the performance in the FX sphere, risk appetite eased yesterday. Major EU indices slid, while after a long weekend, Wall Street traded in the red. As for today’s...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/us-china-spat-makes-the-front-page-again-boc-decides-on-rates-20190529
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