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POLAND

A Benchmark Rate at 2% Would 'Not Be Excessive'

GILTS

Yield curve shifts higher with 5s30s flattening

EUROZONE ISSUANCE

Austria lowers 2021 funding target

SILVER TECHS

Trading Near Recent Highs

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  • CAD extends gains in early trade after performing well overnight, with Trudeau set to win a third term, but falling short of a Parliamentary majority.
  • The bounce in risk is helping commodity tied FX (NOK, CAD).
  • The USD is trending in the red against all G10s, besides the Yen on Risk on.
  • Nonetheless, the DXY is still well short of yesterday's low, after the index printed highest levels in nearly a month, since the 23th August yesterday.
  • USDCAD support moves up to 1.2709