Canadian Dollar Could Gain Support From Investment, Narrower Canada-US Rate Gap, Desjardins Says
The Canadian dollar could gain support over time from stronger business investment, particularly as spending on energy, infrastructure, and technology accelerates in Canada, according to a note from
Trump advisor calls on Powell: Leave the Federal Reserve immediately!
U.S. President Trump's top economic adviser, Hassett, has once again publicly called for former Federal Reserve Chairman Powell to step down from the Federal Reserve Board.
Bessent Moves to Calm Markets: Rise in U.S. Treasury Yields Is a Global Phenomenon; Dismisses AI Bubble Concerns
U.S. Treasury Secretary Bessent defended the rise in U.S. Treasury yields, stating that this round of increases is a global phenomenon, not unique to the United States, and does not warrant excessive concern. He attributed some of the inflationary pressures to rising oil prices caused by the conflict in Iran, expecting the energy shock to subside as hostilities ease. Bessent dismissed the notion of an AI bubble, arguing that investments by tech giants are underpinned by sound business logic.
Weekly Outlook | The Fed minutes are coming! Can expectations of rate hikes be reversed? The World Artificial Intelligence Summit has opened, with executives from OpenAI, NVIDIA, and others set to participate.
Earnings season is kicking off, with PepsiCo, Delta Air Lines, and others set to report first; a concentrated auction of over $61 billion in long-term U.S. Treasury bonds is underway, putting yields under supply-side pressure.
FX Market Weekly Report: Take profits on USD long positions and initiate spillover hedges
Main pointsTake profits on USD cash longs, while maintaining a bullish bias but shifting to options‑based positioning. With the initial target now achieved—EUR/USD has fallen to the 1.12–1.13 range—
[Key Events to Watch Next Week] U.S. Treasury bond auctions, FOMC meeting minutes, ISM Non-Manufacturing PMI, Eurozone PPI, Canadian unemployment rate, etc.
Next week is expected to see continued developments closely watching crude oil price trends, inflationary dynamics across major central banks, and monetary policy. In the United States, the Treasury