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CANADA FX DEBT-Canadian dollar rallies, bond yields jump on Ottawa’s spending forecast

Published on July 9, 2020

“Clearly the initial rally was supported by global risk appetite,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments. “But it also looks like the larger than expected expansion in spending by the federal government in
Canada helped to drive that further.”

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‘Death Cross’ strikes U.S. dollar as COVID-19 cases grow

Published on Financial Post July 8, 2020

“If we look at the idea of American exceptionalism, that has dimmed dramatically during this crisis,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments. “Growth differentials are tilting against the United States, putting the dollar on the defensive.”

Read the article here.

Risk-on move dents dollar; yuan notches best day since December

Published on Reuters July 6, 2020

“Clearly we have an improvement in global risk appetite. And I would pin the blame for that on Chinese regulators who appear to have encouraged the national team in the markets, and really helped to drive a big spike in equity indices,” said Karl Schamotta, chief market strategist at Cambridge Global Payments.

Read the article here.

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