Canada and the US are at it again. While the two close allies are at odds, Canada is getting tired of Trump’s threats and looking to Europe to form closer trade ties - practically everything apart from actually joining the EU. Why has this vital relationship gone sour?
The Euro traded near a two-week high on Thursday ahead of an expected interest rate hike by the European Central Bank, while major currencies broadly held steady despite another surge in oil prices and global bond yields.
The Japanese Yen climbed to a seven-month high on Wednesday, keeping pressure on the Dollar as markets reacted to oil prices surging above $100 a barrel amid an escalating conflict in the Middle East.
The Pound slipped against the Dollar on Tuesday as investors awaited comments from several Bank of England policymakers, including Governor Andrew Bailey, for clues on the outlook for inflation and interest rates.
