For the first time since mid-June, the US dollar has traded below CAD1.30. The greenback is weaker against all the major currencies. However, for the most part, it is still in well-worn ranges, which makes the breakdown against the Canadian dollar even more notable. It is not clear that today’s break will be sustained. Indeed, …
The highly touted trade truce between the US and Europe was political theater at its best. Europe will continue what it had been doing. With US soy being priced out of the Chinese market, the PRC import more soy from Brazil. European soy buyers may be displaced and may turn to the US. US soy …
The week’s big events lie ahead. It is seen as the last important week before the dog days of summer when many participants will take holidays. The BOJ’s two-day meeting concludes tomorrow. Speculation that the BOJ is looking for ways to tweak its program continues to spur a small taper-lite tantrum in Tokyo. For the third session …
Equities, Bonds, and the Dollar Start Week Softer Read More »