NY Open: Inflation surge boosts CAD
A surprisingly strong Canadian inflation print has placed USDCAD on its back foot in the early New York session. Could this clear a path towards a September rate hike from the Bank of Canada?
The APAC region’s demographic health means a rosy outlook over the longer-term, but significant recession risks remain in place in the short- to medium-term and policy divergence could spell a pronounced decline in the Australian dollar over Q2 and beyond.
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