CAD

Currency markets are losing momentum as investors brace for this morning’s September consumer price index numbers out of the United States. The dollar is holding steady after racking up an eight-day winning streak, and most of its rivals remain stuck within well-contained trading ranges as questions around the Federal Reserve’s easing trajectory continue to dominate price action. With the European Central Bank now expected to slightly outpace its US equivalent in cutting rates this year, the euro is plumbing lows last seen in mid-August, and the British pound is climbing in the opposite direction on bets that the Bank of...

The dollar is consolidating near a seven-week high against its major counterparts as yield differentials normalise and safe-haven demand fades. Treasury yields are moving in opposing directions across the curve, with the two-year slipping lower even as the ten-year inches higher, and North American equity futures are positioned for a modest recovery at the open. Currency markets are seeing mixed price action after Chinese authorities disappointed investors with a smaller-than-expected stimulus announcement: the Canadian dollar and other risk-sensitive units are grinding lower, while the pound, euro, and Japanese yen are all sitting on small gains after coming under sustained selling...