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The dollar is keeping steadier to start the new week, with commodity currencies a little softer but nothing that stands out all too much just yet.
Equities are taking a bit of a breather after the big bounce on Friday with 10-year Treasury yields keeping calmer at around 1.35% currently.
It seems like the market is still feeling a bit of a hangover after the final of the Euros yesterday, so that might set up for a bit of a typical summer trading day.
There’s much more to follow later in the week and I’ll be keeping a watchful eye on the loonie with the BOC policy meeting set to follow on Wednesday.
With CAD/JPY now back above its 100-day moving average, a more hawkish BOC could be the trigger for the pair to springboard higher in the weeks ahead – that is should bond yields find its footing as well during the interim.
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