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Week Ahead – BoC set to taper, ECB unlikely to rock euro
It will be an exciting week for financial markets, with two major central bank meetings and a storm of economic data to keep traders busy. The Bank of Canada seems ready to scale down its gigantic QE program, though the European Central Bank is unlikely to disturb the waters. In the meantime, PMI business surveys from the major regions will give us a sense of how the recovery is progressing, and whether America continues to out-recover everyone else. The new quarter has turned the tables in the FX market. The rally in bond yields that supercharged the dollar and sterling last quarter seems to have run out of juice, ... (full story)