(Bloomberg) — When the Canadian and U.S. central banks announce policy decisions on Oct. 30, traders are betting that the divergent decisions will allow the loonie to blunt the dollar’s status as the highest yielding Group-of-10 currency.Futures traders are pricing in almost no probability of a rate
— Read on ca.finance.yahoo.com/news/loonie-erodes-dollar-high-yielding-090000129.html
Tag: Currency Wars
Kyle Bass: China’s currency would drop 30% to 40% without support
Hayman Capital Management founder Kyle Bass said on Monday that without state support, China’s currency would plunge at least 30%.
— Read on www.cnbc.com/2019/08/05/kyle-bass-chinas-currency-would-drop-30percent-to-40percent-without-support.html
With China a ‘manipulator,’ heightened pressure on Fed to ease – Reuters
Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of “simmering” trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipulator.
— Read on www.reuters.com/article/us-china-markets-fed/with-china-a-manipulator-heightened-pressure-on-fed-to-ease-idUSKCN1UW054
Goldman Sachs now expects Fed rate cut in July and Sept – Reuters
Goldman Sachs Group Inc analysts now expect the U.S. Federal Reserve to cut interest rates in July and in September, according to a research note issued after Fed Chairman Jerome Powell on Wednesday signaled a rate cut as early as next month.
— Read on www.reuters.com/article/us-usa-economy-goldman-sachs/goldman-sachs-now-expects-fed-rate-cut-in-july-and-sept-idUSKCN1TL0AB