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CAD Starts the Week Strong; N. Korea Stirs Pot with Missile Launch
Published July 4, 2017
USD/CAD starts the week under pressure, with markets pricing a 90% chance of a rate hike by the Bank of Canada on July 12
Demand for safe-haven currencies and gold is heating up after North Korea test launched an intercontinental ballistic missile (ICBM), with claims that N. Korean missiles can reach Alaska
What would normally be a quiet day with the US bank holiday for Independence Day, we are seeing volatility in global equity markets this morning, mostly moving lower, as North Korea has diminished risk appetite
Oil prices are lower this morning after climbing steadily since June 21
The Australian dollar is lower today after the Reserve Bank of Australia kept rates unchanged