The dollar started the week strong as markets reacted to Trump’s choice for Treasury Secretary. Canada’s inflation increased by 0.4%, above estimates of 0.3%. Retail sales in Canada jumped by 0.4% in September. The USD/CAD outlook shows a rebound in the pair as the dollar rallies after Trump chose a new Treasury Secretary. However, the...
Dollar bulls cheered Trump’s pick for US Treasury Secretary. Market participants are awaiting the FOMC meeting minutes. Data on Friday revealed a sharper-than-expected slowdown in the UK economy. The GBP/USD forecast suggests further dollar strength after Trump picked Scott Bassent as the next US Treasury Secretary. Meanwhile, due to downbeat economic data, the pound remained...
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