The Canadian dollar has remained subdued ahead of crucial inflation data. Price pressures in Canada might cool from 2.5% in July to 2.1% in August. The greenback is under pressure as market participants increasingly bet on a supersized rate cut. The USD/CAD outlook shows indecision as investors await key events in Canada and the US....
ECB president Christine Lagarde said there was no predetermined rate-cut path. The likelihood of another 25-bps ECB rate cut fell from 30% to 20%. Former Fed policymaker Bill Dudley noted a solid case for a 50-bps rate cut. The EUR/USD outlook is inclined to the upside after ECB officials failed to give clear guidance on...
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