Stay updated with breaking news from Further Losses. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Bank of Canada looks on course to hold rates steady once more. This coupled with a rebound in the Dollar has weighed on the Canadian Dollar, while the long-held view regarding correlation between Oil prices and the CAD continues to be tested.
Crypto markets have been in a depression for several months, with values plummeting across the board. Snowfall Protocol (SNW) is one project that has defied the trend, with its price rising from $0.005 to $0.095 in just a few months.
USD/JPY remains under pressure as intervention hopes dwindle with the Bank of Japan and Federal Reserve meetings threatening to push the pair higher.
Slowing economic growth in the UK and bets that the Bank of England will not be as aggressive as the Fed during its tightening cycle are likely to weigh on GBP/USD in the near term.
ECB rate expectations are in retreat, and liquidity conditions have deteriorated substantially - neither of which are good for the Euro.