USD/CAD Continues Higher Despite Bank of Canada Inflation Mandate Extension

USD/CAD strength looks set to continue despite an extension to the Bank of Canada's inflation mandate. China's foreign direct investment will cross the wires today.

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EUR/USD Rate Vulnerable to Diverging Policies Between ECB and FOMC

The ECB’s wait-and-see approach for monetary policy may drag on EUR/USD as President Christine Lagarde and Co. remain in no rush to implement higher interest rates.

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Hang Seng Rally Could Gain Traction as PBOC Focuses on Easing, Economic Support

The recent rally in the Hang Seng Index may intensify as the PBOC entertains a slate of easier policies to combat growth fears and property sector woes.

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S&P 500 Stumbles on Omicron Fears and FOMC Policy Risk Amid Soaring Inflation

Market concerns about the omicron variant and Fed monetary policy risk amid mounting inflationary pressures sap sentiment and weigh on U.S. stocks at the start of the new week.

from DailyFX – Market News https://bit.ly/31VLCT5
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USD/JPY Outlook Hinges on Fed’s Forward Guidance for US Rates

The Federal Reserve rate decision may spark a near-term rally in USD/JPY if the central bank shows a greater willingness to implement a rate hike sooner rather than later.

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