A quiet end to a busy week - Monex Europe

A quiet end to a busy week - Monex Canada

CAD After a move higher on Thursday, USDCAD appears to have stabilised in the mid-1.37s overnight. And, given the lack of catalysts in North America today, that looks unlikely to change meaningfully, with cross-asset price the most likely candidate to spark the pair to life. Next week, the BoC business outlook survey should garner some attention from loonie watchers, as will May retail sales. But neither is likely to do much for USDCAD positioni…

A quiet end to a busy week - Monex Europe

USD The dollar tracked sideways on Thursday, reflecting a cooling in White House rhetoric and a more limited set of catalysts compared to earlier in the week. Granted, Trump’s One Big Beautiful Bill passed the House overnight, but this had been widely expected. That leaves the DXY trading in the mid-98s this morning, with only a Bloomberg interview for the Fed’s Waller and June University of Michigan sentiment indicators to navigate ahead of the…