Cross-asset gyrations rock markets - Monex Europe

Cross-asset gyrations rock markets - Monex Canada

CAD USDCAD continues to buck the trend seen elsewhere across risk-sensitive FX, largely holding onto gains versus the dollar. This is even more surprising given the loonie’s typical sensitivity to North American equities and oil prices. The recent slump for both would ordinarily have been expected to weigh heavily, as would the results of yesterday’s Boc business outlook survey which painted a grim forward-looking picture of the Canadian economy…

Cross-asset gyrations rock markets - Monex Europe

USD Monday saw a roller-coaster day of price action, particularly for equities, though the session ultimately saw the S&P 500 end the day little changed, despite trading in bear market territory shortly after the open. This trend has continued through Asia this morning too, with the Hang Seng flat, and the Nikkei making gains of close to 6%. Meanwhile, similar swings were also seen across bond markets, with the US 10 Treasury trading in a 34bp r…