C$ trims earlier gains as the greenback rallies on Fed minutes

C$ trims earlier gains as the greenback rallies on Fed minutes

August 21, 2019

“The Canadian dollar and other major currencies are selling off in response to a lowering of odds of further monetary easing from the Federal Reserve,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments. But “the inflation data this morning is underpinning the rally that we’ve seen.” Read the Financial Post article here: https://bit.ly/2ZhdNFa

For further information, please contact Cambridge Global Payments

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