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The dollar continues to advance with no end in sight to Middle East fighting
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Monex CanadaReposted by Monex Europe
Monex EuropeThe dollar continues to advance with no end in sight to Middle East fighting
CAD The Canadian dollar remained under pressure on Thursday, with USDCAD pushing above 1.38 despite another day of volatile oil trading. In a speech to the Brandon Chamber of Commerce, BoC Senior Deputy Governor Carolyn Rogers acknowledged that higher oil prices will push inflation higher in the near term and that the Bank will monitor the Middle East conflict closely before deciding if further action is needed. She reiterated that the policy ra…
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