TD Securities strategists Robert Both and Emma Lawrence expect the Bank of Canada (BoC) to keep the overnight rate at 2.25% throughout 2026, despite markets pricing significant tightening.
TD Securities strategists Robert Both and Emma Lawrence expect the Bank of Canada (BoC) to keep the overnight rate at 2.25% throughout 2026, despite markets pricing significant tightening.
BNP Paribas strategists expect the US economy to grow above potential in 2026, with GDP at 2.9% and inflation at 3.0%, keeping the Federal Reserve on hold after three cuts in 2025. They project the Fed Funds target range at 3.5%-3.75% through 2026.
The Canadian Dollar (CAD) struggles for direction against the US Dollar (USD) on Monday, even as the Greenback weakens following US President Donald Trump’s decision to postpone planned strikes on Iranian energy infrastructure
Gold (XAU/USD) rebounds from year-to-date lows on Monday as bargain hunting emerges after a steep sell-off, with the metal finding support after news that US President Donald Trump postponed planned strikes against Iran's power plants and energy infrastructure.
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $64.58 per troy ounce, down 4.82% from the $67.85 it cost on Friday.
HSBC economists report that the Reserve Bank of Australia (RBA) raised its cash rate to 4.10% in March, marking a second consecutive hike driven mainly by domestic capacity constraints and inflation concerns. They still see additional tightening as likely, possibly in May.
European Central Bank (ECB) Governing Council member and Governor of the National Bank of Slovakia (NBS) Peter Kazimir delivers remarks on the monetary policy outlook during the European trading session on Monday.
United States (US) President Donald Trump instructs the Department of War to postpone military strikes on Iranian power plants.
OCBC strategists Sim Moh Siong and Christopher Wong report that Gold has come under pressure as rising global yields, higher real rates and renewed inflation concerns reduce expectations for near-term Fed cuts. ETF outflows and stress-driven liquidation are adding to downside.
MUFG’s Senior Currency Analyst Lee Hardman notes that the Japanese Yen has been more resilient than other G10 currencies versus the US Dollar, with USD/JPY holding just below 160.00.