US-Sino trade and BoC amongst market movers today – Danske Bank

Sandeep Kanihama FXStreet Contributor

According to analysts at Danske Bank, focus will continue be on the escalation in the US-China trade conflict and notably on the Chinese response to the new tariffs announced by the Trump administration overnight.

Key Quotes

“NATO will start its two-day meeting today. While normally not a market mover, US President Trump has been calling for increased contributions from other NATO members. Any disagreement or potential change in the structure/ dynamics of NATO should fuel a risk-off environment. Also, UK political developments are likely to stay in focus.”

“The Bank of Canada is widely expected to hike the overnight rate target by 25bp to 1.50% at its meeting today. Canadian data has been strong lately while the BoC has kept its tightening cycle on hold since January.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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