Fed minutes released yesterday suggest a June U.S. rate hike. This has spiked the U.S. dollar triggering a sell-off in gold and the Cdn dollar. This also triggered the strong close in canola yesterday.
And yet the Fed may just be joking . . . they may NOT be hiking rates in June. Bottomline . . . the Fed is losing credibility as they continue to 'call wolf' with investors (IMO).
And yet the Fed may just be joking . . . they may NOT be hiking rates in June. Bottomline . . . the Fed is losing credibility as they continue to 'call wolf' with investors (IMO).
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