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22 April 2021
5 min read

AM Notes: Release The Owl

Risk sentiment remains buoyant, with Asian indices firmly in the green following on from strong U.S. performance yesterday...

Yesterdays main event: BOC tapers, brings forward rate hike expectations...

CAD reacted positively...

Wells Fargo now forecast USDCAD to reach 1.18 by the middle of next year...

In addition to monetary policy, the government's latest budget was released this week with indications of continued fiscal support.
A combination of tighter monetary policy and easier fiscal policy is typically the most supportive backdrop for currencies
While we are far from that mix in absolute terms, this week's announcements at least represent

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