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FX Daily: Canada's labour data to fuel easing bets
Markets are pricing in only a very small probability of a rate cut in Canada over the next three months. We think the chances are higher than that- and today's labour data could prove us right The US and China have announced that a reciprocal lifting of tariffs will likely be part of a trade deal, but markets seem to be questioning the timing of such a deal and whether the optimism is valid. This has triggered a small correction in global risk sentiment overnight, hitting activity currencies and further strengthening the dollar momentum. The only data release on today’s agenda is the University of Michigan ... (full story)