Monday, 3 January 2022

USD/CAD retraces some of the drop from Friday

The loonie was the only major currency to have outperformed the dollar last year. Will we see more of the same in 2022? If anything, I would argue that question will go down to how hawkish the BOC will be compared to the Fed. Both central banks are on course to at least hike rates three times, with
http://dlvr.it/SGRjCy

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FX and rates unwind yesterday's Powell effect, US Index futures slide - FXStreet

For all practical purposes, US manufacturing output is flat this year and through September, about 100k fewer manufacturing jobs (distorted...