The Canadian Dollar (CAD) has settled back into a narrow range after drifting a little lower overall yesterday. Market positioning was caught offside by the surprisingly strong Canadian jobs data Friday, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Bank of Japan (BoJ) Governor Kazuo Ueda said at a London event during the European trading session on Tuesday that the central bank is tightening monetary conditions gradually as underlying inflationary pressures are accelerating in wake of fiscal stimulus.
Silver price (XAG/USD) trades in a tight range around $58.00 during the late Asian trading session on Tuesday. The white metal turns sideways as investors await the monetary policy announcement by the Federal Reserve (Fed), scheduled for Wednesday.