My majors-based US Dollar index pushed above key falling resistance from last month’s top earlier in April.
The index averages USD against EUR, JPY, GBP and AUD.
That brought a notable pause in losses as the Dollar shifted into a more neutral setting.
Yet upside commitment seems to have been struggling as of late and the week ahead could offer a better...
According to Canada overnight index swaps,
rates markets think that the BOC is done operating via the traditional interest rate mechanism and will instead focus on extraordinary policy efforts,
similar to the Federal Reserve to the south. Through the end of 2020,
there is only a 1% chance of a rate hike,
and the maximum probability for a rate cut arrives...