USDCAD Offers a More Direct Contrast on Rates Post-Fed
There is plenty of additional US event risk after the Fed and a number of currency crosses (eg EURUSD) have event risk from peers; but USDCAD is far less encumbered
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There is plenty of additional US event risk after the Fed and a number of currency crosses (eg EURUSD) have event risk from peers; but USDCAD is far less encumbered
The Federal Reserve hiked its benchmark rate 25bps to a range of 4.50 – 4.75 percent
With Monday trade, the NDX slipped right back below its 200-day SMA with little ceremony as markets balance risk before the Fed and other key events
Risk trends shuddered to start this trading week, but the turn from the S&P 500 and the edging higher from a Dollar in a very tight range is likely misleading
Between the progress in certain risk assets (like the Nasdaq 100), the remarkably constraints on the Dollar and the heavy event risk next week; expect Friday confusion