Morning Juice – US Session Prep (28th November)

Sentiment:
The dollar edged up, benefiting from the euro’s decline. Treasuries hardly changed. Trading was subdued after US markets closed for the Thanksgiving holiday, while liquidity was disrupted by technical issues impacting FX, futures, and options on the CME.

Increasing confidence that the Fed will cut rates in December has pressured the dollar, which is down 0.5% this week, poised for its worst weekly decline since August, following a 0.8% jump in the prior week.

2-Yr yields climbed 2 BPS to 3.49% as cash trading in Treasuries resumed on Friday following the Thanksgiving holiday. Yields on other tenors also climbed. Fixed income trading concludes at 2 PM ET.

Docket
08:30 ET
Canadian QoQ Annualised for Q3
Forecast: 0.5% | Prior: -1.6% | Range: 0.8% / -0.4%
Canadian GDP MoM for September
Forecast: 0.2% | Prior: -0.3% | Range: 0.2% / -0.1%

Speakers
N/A

Good luck!