[Outlook] New York FX outlook: Focus first on the BoC’s inflation outlook, while looking to the FOMC for clues on December

The story

The New York FX outlook is expected to focus on the release of the Bank of Canada's inflation outlook, with inflation trends and economic data likely to influence the market. Depending on the BOC's outlook, movements against the U.S. dollar in major currencies including the euro and yen could also be affected.

Meanwhile, the U.S. Federal Open Market Committee (FOMC) is seeking clues regarding a December rate hike, and the statement and press conference are expected to be market focal points. This could trigger a short-term market reaction.

At a glance

New York FX outlookThe outlook for foreign exchange based on the New York market will be covered, with the BOC's inflation outlook and the FOMC's direction as the focus.

BOC inflation outlookThe BOC's inflation outlook is scheduled to be released and is expected to provide a market catalyst.

FOMC cluesThe FOMC is reportedly seeking clues for its December rate-cut or rate-hike decision.

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