Risk aversion weighs on C$ ahead of Fed rate decision
“Implied volatility is ratcheting up and risk-sensitive (currency) pairs are generally selling off as traders batten the hatches ahead of this week’s central bank meetings,” said Karl Schamotta, chief market strategist at Corpay.
US dollar hits reverse gear as Fed cedes rate-rise ‘driver’s seat
“The dollar doom loop that markets were so worried about last year has turned into the dollar boom loop,” said Karl Schamotta, chief market strategist at Corpay.