US-China Spat Makes the Front Page Again, BoC Decides on Rates
Risk appetite eased yesterday, and the driver may have once again been concerns over the US-China trade spat. This also prompted investors to add to their bets with regards to lower rates by the Fed. That said, the dollar gained, as it put its safe-haven suit on. As for today, CAD traders will lock their gaze on the BoC rate decision. No change in interest rates is expected, so all the attention is likely to fall on the accompanying statement.