Trump-Democrats’ Deal Lifts Sentiment, Containing USDCAD’s Decline

Posted September 7th, 2017 by BuckWingfield and filed in General News

There are several surprises that rocked the financial markets. First, the BOC unexpected raised the policy rate by +25 bps to 1%. Second, US President Donald Trump sided with the Democrats and reached a deal to extend the debt ceiling alongside provision of aids for the victims of Hurricane Harvey. Third, Vice Fed Chair Stanley Fischer announced that he would resign his position…

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Trump-Democrats’ Deal Lifts Sentiment, Containing USDCAD’s Decline

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