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Flash: marco highlights – TD Securities

FXstreet.com (London) - Richard Kelly, Head of European Rates and FX Research at TD Securities has said that the Macro highlights this week will come on Wednesday with the release of the FOMC minutes and Bernanke’s semi-annual testimony, both of which should, in their view, strike a more dovish tone than the recent sell-off in Treasuries would suggest.

In particular, he added that markets will key in on any further details to the new symmetric Fed language added in the last statement that they are now “prepared to increase or reduce the pace of its purchases.’’

US: Chicago Fed NA index dropped to -0.53 in April

The Federal Reserve Bank of Chicago informed that the National Activity Index fell to -0.53 during April, worsening March’s print at -0.23...
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USD/CAD trading sideways at 1.0279/80

The USD/CAD has engaged in sideways trading during US trading Monday, having settled recently slightly off its opening levels at 1.0279/80.
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