Trial now
US TSYS SUMMARY

Reversing Overnight Risk-Off Tone

AUDUSD TECHS

Remains Vulnerable

US

Pres Biden Budget Proposal Ests

EURJPY TECHS

Needle Still Points South

USDJPY TECHS

Resistance Remains Intact

CANADA
CANADA: BOC Deputy Governor Larry Schembri said output gap is  
essentially closed, projecting low unemployment rate and 
hitting targeted inflation rate. 
- Economy has welcome degree of resilience to negative shocks.
- BOC will keep monetary policy appropriate to our own circumstances.
- There has been weakness in consumption and investment; economy will 
slow in the second half of this year.
- Trade war and uncertainty is biggest risk to forecast. 
- International trade uncertainty could cause complex shock.
- Rise in income and lower interest rate results in unexpected 
strength in housing market. 
-Schembri gave speech Thursday following Wednesday's BOC decision 
to hold its key interest rate at 1.75%.