Author: Robert Jessi

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…

The Bank of Canada is pleased to announce the recipient of its 2026 Law Enforcement Award of Excellence for Counterfeit Deterrence. This award, which the Bank began presenting in 2004, recognizes the outstanding achievements of criminal justice professionals and educators involved in the prevention and deterrence of bank note counterfeiting in Canada. This year’s recipient is Constable Michael Scott-Doornink of the Royal Canadian Mounted Police (RCMP), who has helped strengthen collaboration between law enforcement, the Bank of Canada, and private-sector partners across southern Ontario. Through coordinated outreach, training, intelligence analysis and sharing, and through his investigative efforts, Constable Scott-Doornink has…

The weakness we are seeing in the dollar today is still largely the cumulative effect of softer US data and the scaling back of expectations for another .Dollar Is Losing Its Front-End Rate CushionFX markets remain remarkably calm considering energy prices are nudging higher, global equities are under pressure, and long-end yields remain elevated. For now, currencies are still trading as though the disturbance is happening in the next room rather than directly on the FX desk. The broad feeling among my FX colleagues is that consolidation remains the order of the day, but tonight’s July FOMC minutes deserve more…

Aker BP acquires Losgann/Froskelår and Slagugle stakes

FX markets remain calm despite energy prices nudging higher and some weakness in semiconductor stocks. Expect further consolidation ahead of tonight’s release of the July . Elsewhere, this quarter’s turnaround in the Korean won continues – a testament to the benefits of domestic growth and some structural measures USD: Waiting on the Minutes The unresolved conflict in the Middle East is keeping energy prices bid and partially contributing to the rise in long-end yields. Longer-dated US Treasuries actually found a little demand on yields above 5.30% yesterday, but risks still look skewed to the upside here. Please see the latest…

ING’s Chris Turner notes that the Dollar remains supported by higher energy prices and long-end US yields, but FX volatility is still low, favouring carry trades. He expects the July FOMC minutes to show a less hawkish Federal Reserve than implied by prior Dot Plots, with upcoming CPI, jobs data and Jackson Hole more decisive. ING’s base case is no September hike and a slightly softer Dollar, with DXY confined to a tight range and USD/JPY options pricing minimal movement.Dollar steady before FOMC minutes”The unresolved conflict in the Middle East is keeping energy prices bid and partially contributing to the…

The USD/CAD pair struggles to capitalize on this week’s modest recovery from its lowest level since June 3 and oscillates in a range around the 1.3900 mark during the Asian session on Wednesday. Traders seem hesitant to place aggressive directional bets ahead of a high-stakes US tariffs deadline and the release of FOMC Minutes.US President Donald Trump and Canadian Prime Minister Mark Carney are engaged in last-minute talks in an effort to reach an agreement and avert 50% US tariffs on $20 billion worth of Canadian products. This comes just hours before a looming US deadline on Wednesday, August 19,…

Canadian Dollar momentum is building as yield spreads narrow and crowded short-CAD positions come under pressure, with Scotiabank warning USD/CAD could extend its fall towards 1.3817. The US Dollar to Canadian Dollar (USD/CAD) exchange rate closed Friday around 1.3875 after the Canadian currency finally pushed through an area that had frustrated several earlier attempts at appreciation. USD/CAD fell 0.38% on Friday and almost 1% over August so far, leaving the pair close to its lowest level of the month. Foreign exchange analysts at Scotiabank thinks there may be more to this move than a brief burst of commodity-currency strength. The…