The European Central Bank lowered borrowing costs by 25 bps on Thursday. Experts believe Trump’s tariffs might further weaken the Eurozone economy. Recent data has reinforced bets for a December Fed rate cut. The EUR/USD outlook shows a growing divergence in policy outlooks between the European Central Bank and the Federal Reserve. As a result,...
The Bank of Canada shifted to a more hawkish tone that boosted the Canadian dollar. The dollar was weak after US inflation data came in line with expectations. Traders increased the likelihood of a December Fed rate cut from 85% to 97%. The USD/CAD outlook shows a stronger loonie after Wednesday’s Bank of Canada policy...
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