They raised interest rates on the 25th. They actually did it this time while the world was sleeping. Should be interesting tomorow.
-
-
Seems like they are trying to engineer a correction. -
May in fact be good news the markets were expecting a 50 basis point increase that on top of a decent chance they will allow the yuan to appreciate to combat inflation will make our grain less expensive to them . Of course everything for sale in Canadian tire will go up a little too.
That said also we need to watch our dollar with oil prices on the move again.
The overnights look positive.Comment
- Reply to this Thread
- Return to Topic List
Comment