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On May 3, according to the Wall Street Journal, the incoming Federal Reserve Vice Chairman of Supervision, Bowman, is seeking to reassess confidential ratings of the health of large banks. In a speech in February this year, she questioned the Feds recent regulatory ratings, saying that there was a "strange mismatch" between the Feds view of the financial condition of large banks and the unsatisfactory ratings given to many of them last year. According to people familiar with the matter, the Federal Reserve has not yet announced new regulatory ratings for U.S. banks with assets of $100 billion or more. Usually, the Federal Reserve will announce these ratings privately before the end of March. Some people familiar with the matter said that the Federal Reserve is planning to wait until the Senate confirms Bowmans new position. It is reported that the Federal Reserve has begun the process of determining next years ratings, and Bowman is expected to change the way the Federal Reserve calculates scores.According to the Wall Street Journal: Incoming Federal Reserve Vice Chairman of Supervision Bowman is seeking to reassess bank ratings.U.S. Commodity Futures Trading Commission (CFTC): As of the week ending April 29, U.S. speculators reduced their net short positions in the S&P 500 CME by 10,014 contracts to 249,462 contracts, while stock fund managers increased their net long positions in the S&P 500 CME by 18,407 contracts to 826,250 contracts.U.S. Commodity Futures Trading Commission (CFTC): As of the week ending April 29, speculative net long positions in COMEX silver futures increased by 5,078 lots to 31,252 lots.U.S. Commodity Futures Trading Commission (CFTC): As of the week ending April 29, speculative net long positions in COMEX gold futures decreased by 9,857 lots to 115,865 lots.

As market confidence improves, the USD/CAD pair stabilizes near 1,3000, bringing attention to Canada's inflation

Alina Haynes

Jul 18, 2022 11:58

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The USD/CAD pair fluctuates within a constrained range of 1.3006-1.3023 during the Asian session. Despite a rise in market participants' risk appetite, the asset is doing poorly. Investors should be concerned that the USD/CAD pair has experienced only a little dip while the US dollar index (DXY) is falling sharply. This implies that the Canadian dollar is weaker as well and that the asset's auction performance was underwhelming.

 

The strengthening of the Canadian dollar may be related to higher inflation rate projections. The market forecast for the upcoming economic report on Wednesday is 8.8%, which is much higher than the forecast for the most recent release of 7.7%. The pace of inflation in the Canadian economy is surging uncontrollably. It mostly has an impact on household income.

 

In the meantime, as market mood has improved, the US dollar index (DXY) has dropped under Friday's low of 107.92. Investors believe that the United States has experienced its peak in pricing pressure. But according to James Bullard, president of the Federal Reserve Bank of St. Louis, inflation might come as a pleasant surprise.

 

Due to growing economic worries, oil prices are plummeting precipitously on the energy market. The goal of major central banks is to bring about price stability in their respective economies. As a result, policy tightening is necessary to address the inflation problem. Given that the forecasts for oil demand have been significantly revised downward, this has a negative effect on market mood. Being the biggest oil supplier to the US, Canada has suffered as a result of falling oil prices, which has hurt the loonie bulls.


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