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November 6, 2024 11:21 AM UTC
After gaining sharply in Asia on the news of a Trump victory and a likely Republican clean sweep, the USD was generally little changed in Europe, but the AUD and scandis rallied somewhat after overnight losses and the CAD also slightly outperformed.
November 6, 2024 6:54 AM UTC
A Trump victory is now widely expected with results so far and has prompted knee jerk reaction in markets with U.S. Treasury yields and USD higher. Policy uncertainty is high over tariffs, though the 2017 tax cuts will likely be renewed with some additional tax cuts elsewhere -- House race is tigh
November 5, 2024 7:45 PM UTC
Mexico's Central Bank (Banxico) is expected to proceed with a 25 basis-point rate cut on Oct. 10, bringing the policy rate to 10.0%. Banxico remains focused on core CPI, which is gradually decreasing toward its 3.0% target. While some previously anticipated a 50 basis-point cut, consensus now favors
November 5, 2024 6:58 PM UTC
The Bank of Canada has released minutes from its meeting on October 23, which accelerated the pace of easing to 50bps, to 3.75%, after three straight meetings in which the rate was eased by 25bps. While members considered another 25bps move, there was a strong consensus for taking a larger step.