Author: Robert Jessi

A $40 trillion debt pile, rising interest costs and a more interventionist Treasury are giving dollar bears something to think about. sits at the centre of that debate.Larger Treasury buybacks hint at yield suppression US fiscal pressure building beneath the surface Relative yields differentials remain key for dollar EUR/USD technicals favour bullish bias If the dollar debasement narrative is going to show up anywhere in the FX universe, you’d imagine the euro would be the obvious place. It carries the largest weighting in the US Dollar Index, giving EUR/USD outsized influence as a gauge of broader dollar sentiment.Signal Matters More…

For many years, the market spoke of a ’Greenspan Put’ in equity markets, where investors were protected from much lower stock prices by the assumption that the Fed would . Yesterday’s intervention in the Treasury market suggests the recent rise in longer-dated yields has touched a raw nerve. Risk assets are enjoying this more activist US Treasury USD: Investors Greet a More Interventionist Treasury While increasing liquidity buy-back operations by $2bn might seem like rearranging deckchairs on the Titanic given the US national debt of $40tr, yesterday’s intervention by the US Treasury has been warmly greeted by investors around the…

USD/CAD extends its losses for the second successive day, trading around 1.3800 during the Asian hours on Thursday. The pair declines as the commodity-linked Canadian Dollar (CAD) receives support from improved oil prices.Crude oil prices have surged amid escalating Middle East tensions as negotiations between the United States and Iran remain stalled. The confrontation has expanded to the critical Strait of Hormuz waterway, though US President Donald Trump noted that oil shipments are still moving through the passage while leaving the door open for future negotiations with Tehran.Iran tensions keep Brent risk premium elevatedAccording to TD Securities, the geopolitical backdrop…

The New Zealand Dollar (NZD) rallies against the US Dollar (USD), pushing north of the 0.5930 mark. The move is driven by broad weakness in the Greenback rather than anything out of New Zealand.The trigger was the United States (US) Treasury Department. It said it will at least double its buyback operations for longer-dated coupon securities in the 10-year to 20-year and 20-year to 30-year sectors, lifting each operation from $2 billion to at least $4 billion between September 9 and November 4. The plan aims to support liquidity and cap the recent climb in long-end yields. It worked quickly,…

The ACFB was introduced in July 2020, consolidating the Alberta Child Benefit and the Alberta Family Employment Tax Credit into a single program. It aims to improve the quality of life for children and support their well-being. (See similar programs in other provinces and territories.) Like most other benefits, the ACFB is indexed to inflation, so the amounts increase every July. With the upcoming payment being the first of the new benefit year, families will get a larger amount. What are the Alberta Child and Family Benefit Payment dates for 2026? The CRA issues ACFB payments quarterly, by direct deposit…

Earnings call transcript: Accuray posts mixed Q4 2026 results as revenue slips

Several members of the Federal Reserve favored raising interest rates at the central bank’s policy meeting last month, even as most supported holding rates steady, according to minutes from the meeting released Wednesday. Those who favored raising rates noted that price pressures appeared broad-based and thought rates should be higher to restrict the economy and bring down inflation. Three voting members of the Fed — Cleveland Fed president Beth Hammack, Dallas Fed president Lorie Logan, and Minneapolis Fed president Neel Kashkari — dissented, preferring to raise rates by a quarter percentage point. Since the meeting, other officials have spoken, including…

The shared currency gained over 0.85% during the North American session on Wednesday, even though the latest Federal Reserve minutes had a “hawkish” tone, with some participants, along with the three dissenters, suggesting that raising rates could be necessary if the disinflation process stalls. The EUR/USD trades at 1.1673.EUR/USD climbs as lower US yields offset hawkish Fed minutesThe Federal Reserve unveiled its July meeting minutes, in which the dissenters acknowledged that inflation appears broad-based and supported a more “restrictive policy.” The minutes revealed that policymakers are worried about inflation, with many participants assessing “that policy tightening would likely be necessary…

The July minutes arrived on Wednesday and the line that matters sits near the end, in the paragraph most readers will already have scrolled past. The Chairman told the Federal Open Market Committee (FOMC) that six scheduled meetings a year, held roughly every two months, would let more information accumulate between them and give policymakers and staff more time on strategic questions. He asked for input. No decisions were taken and nothing changes for 2026.Read alone it is a housekeeping note. Read against the eight weeks behind it, it is the fourth item on a list. Since June 17, this…

USD/CAD declines on Wednesday and trades around 1.3810 at the time of writing, down 0.62% on the day. The Canadian Dollar (CAD) benefits from some relief on the trade front after US President Donald Trump decided to pause the implementation of 50% tariffs against Canada for three days, while rising Oil prices provide additional support to the Loonie.Donald Trump announced the tariff pause following negotiations with Canadian Prime Minister Mark Carney. The decision temporarily eases concerns surrounding trade relations between the United States (US) and Canada and supports the Canadian currency, although the short duration of the suspension maintains significant…