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CAD: Expect status quo from BoC - RBS

FXStreet (Delhi) – Paul Robson, Senior FX Strategist at RBS, suggests that an unexpected rebound from technical recession in Q3 suggests that Bank of Canada leaves the benchmark rate unchanged at 0.5% this week.

Key Quotes

“The central bank will not release new forecasts alongside next week’s decision, so there will be relatively little new information. Barring any shocks from the OPEC meeting, the CAD may drift a little higher against European and Asia regional currencies as at the margin the Canadian economy should benefit from stronger US domestic demand. On a multi-month view, we see the CAD coming under renewed pressure from a yet lower oil price.”

China: Market focus on IMF's SDR decision on Yuan - BBH

Research Team at BBH, suggests that it seems like a forgone conclusion now that the IMF will include the yuan in the next configuration of the SDR, which will be implemented in September 2016.
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German yields rise, Greek yield curve normalized

The yield on the German bunds advanced today, while the Greek yield curve appears to have normalised ahead of the Thursday’s ECB meeting.
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