Markets

Here comes the Bank of Canada…

The Bank of Canada is expected to raise borrowing costs. Economists forecast the central bank will increase its benchmark interest rate by 25 basis points to 1.75%. Watch the Canadian dollar trade in real time here. The Bank of Canada is widely expected to raise short-term borrowing costs Wednesday and […]
Here comes the Bank of Canada…
Markets

Bullish wagers on the US dollar just fell to the lowest level in a year

Currency traders are continuing to pull their bullish US dollar bets, mirroring the recent price action in the greenback. According to figures from the US Commodity Futures Trading Commission (CFTC) on Friday, net long speculative positioning in the US dollar fell to the lowest levels in a year last week, […]
Bullish wagers on the US dollar just fell to the lowest level in a year