Markets expect the FOMC to deliver a dovish cut because the US labor market is worsening. That can drag US Dollar (USD) lower and support risk assets, BBH FX analysts report.
Oil prices are trading almost flat this morning as the market has been caught between escalating geopolitical tensions and not particularly supportive fundamentals, ING's commodity experts Ewa Manthey and Warren Patterson note.
Statistics Canada will publish August’s inflation figures on Tuesday. The numbers will give the Bank of Canada (BoC) a fresh read on price pressure as the central bank weighs its next move on interest rates. The BoC is expected to trim the interest rate by 25 basis points to 2.50% on Wednesday.