TD Securities analysts characterize the upcoming September FOMC minutes as largely outdated given subsequent employment and PCE data. The minutes are expected to show disagreement over how much further tightening is needed, but broad consensus that policy should remain more restrictive.
Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), are trading in the green, with gains of over 2% so far on Friday. The recovery aligns with Bitcoin (BTC) rising above $86,000 at press time, likely driven by strong inflows into Exchange Traded Funds (ETFs).
USD/CAD loses ground for the second successive day, trading around 1.4210 during Asian hours on Friday. The technical analysis of the daily chart indicates that the price is positioned slightly below the top trendline of an ascending channel, suggesting a persistent bullish bias.