There's absolutely no reason to think why (the Bank of Canada) would not keep on hiking rates at least two more times.
More Quotes from Tim Mazanec:
The dollar reacted to data strength initially, but for the euro there is buying interest around 1.2230.Tim Mazanec
Jobless claims helped (the U. S. dollar), but we're looking ahead to tomorrow and next week at this point.
Tim Mazanec
The dollar is starting to show some gains as the report came in stronger than expected across the board new orders, employment, prices paid.
Tim Mazanec
If unit labor costs are not increasing as much as we initially expected, that would get the Fed to pause (rate hikes) sooner than expected.
Tim Mazanec
The dollar is definitely swimming against the tide, trying to make further gains against the twin deficits.
Tim Mazanec
There's shift in ranges, but still nobody's going to mistake this for a clear trend reversal or anything.
Tim Mazanec
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Conviction never so excellent, is worthless until it coverts itself into conduct.
Thomas Carlyle