U.S. dollar slips with traders cautious before Fed's Jackson Hole symposium
“Lagarde's speech might actually be more of a market mover than Powell's. If Powell stays on the theoretical side of things, that might lower implied volatility of the dollar and lead to a smaller reaction."
CANADA FX DEBT-C$ weakens for 5th week as global borrowing costs rise
“We’re increasingly skeptical the Canadian economy will prove able to weather the rise in global borrowing costs that is currently unfolding, and now expect strain to emerge in a more profound way within months.”
Dollar drops after U.S. inflation data, jobless claims
“Markets are doubling down on ‘soft landing’ bets this morning after U.S. consumer inflation slowed as expected, reducing the need for further monetary tightening from the Federal Reserve,” wrote Karl Schamotta.
