Don’t miss this month’s edition of the George Davis Report, where George discusses RBC’s revised Fed call and the potential impact on FX markets.
What you need to know:
1
Q2 economic data has shown evidence of a slowing US economy, reversing some of the stronger results that were witnessed in Q1.
2
Of particular importance to the Fed will be recent developments on the employment and inflation front.
3
As a result of these developments, our US interest rate strategists have revised their Fed call.
4
Bringing forward the timing of the first cut and adding a cut to their 2024 profile may have an impact on the USD.
5
We discuss some key implications in this month’s video, along with some key technical price levels to watch in USD/CAD as things play out.
For the trading range:
USD/CAD
Buyers
1.3400/1.3500
Sellers
1.3800/1.3900
