Region: North America

Markets swing on ultimatum U-turns. Loonie’s sentiment sour after BoC meeting. ECB hawks re-claim the narrative.

BoE holds, hawkish tone lifts the pound. Euro jumps as ECB recalibrates. Retail sales rebound in January.

Fed clouded by the fog of war. Two sided oil test. ECB won’t move the euro.

Fed navigates Hormuz oil shock. Canada’s two‑sided oil test. Shifting dynamics in LatAm FX.

Thinking post-conflict: FX mean reversion? Weak jobs report bodes ill for the Loonie. Oil still calls the shots for EUR/USD.

Hormuz crisis overshadows Central Bank week. Inflation cools before BoC meeting. Needs Hormuz, not the ECB, to find a floor.