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Equity markets in Europe and the US continued to edge higher on Tuesday despite many now questioning whether investors are getting too carried away. The rally appears to be based on the view that central banks from the Fed to the ECB and BoC will start cutting interest rates in March and then do so another three times over the rest of 2024. That’s quite the difference from what policymakers have insisted on for many months but there has undoubtedly been a change in tone recently.

Text here The Canadian Dollar is on the rise on Wednesday, looking to recover lost ground.

The Euro (EUR) continues to face downward pressure against the US Dollar (USD), prompting EUR/USD to revisit the proximity of the 1.0800 region, where some decent contention seems to have emerged so far on Tuesday.

The Canadian Dollar (CAD) eased back further on Tuesday before making a late rebound on the day, shedding a third of a percent against the US Dollar (USD) before paring back the day’s declines to a more manageable level.

Are interest rate expectations too optimistic? PMI revisions positive but the outlook is broadly unchanged NAS100 nears all-time highs Equity markets i