It's pretty much universally expected they'll hike 25 basis points but I think what will be more important is the actual wording of the statement where people will look for further indication of further hikes.
More Quotes from David Powell:
You can see that dollarCanada's had trouble going below C1.15. I think that's a reflection of the fact that the statement was somewhat less hawkish, and traders are less sure about the course of monetary tightening in Canada.David Powell
Lisa was known for saying to her students and to her friends, 'Shoot for the moon. Even if you miss, you'll land among the stars.' And today, she's landed among the stars. She's in heaven with her Father.
David Powell
It really got attention in Asia... as a result the dollar has pretty much sold off across the board. We can attribute this dollarCad movement to across-the-board dollar weakness to the Greg Ip article.
David Powell
This should help the greenback continue the rally experienced over the last few weeks and leave the market focusing on further dollar gains related to a potential move of the fed funds rate to 5.00 percent.
David Powell
The previous month was huge, so of course we were expecting a weaker number. The important thing is how it compares with the month's trade deficit.
David Powell
The 2001 recession hit us hard, and we've seen slow growth since then. We need a strategy to drive growth.
David Powell
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