Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
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China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
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Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
Norway's Norges bank surprised markets today with a rate cut of 25 basis points, pushing Krone lower against almost all currencies. Krone is currently trading at against Dollar, down % for the day so far.
Norway's actions raised speculation that oil currencies likely to slide further as central banks would take actions to ease policy.
Speculation have risen particularly over Bank of Canada (BOC), which is scheduled to announce monetary policy decisions on 21st October.
Canadian Dollar has weakened to new 11 year low after Norges Bank introduced rate cut.
We have called for Canadian Dollar to reach 1.38 against Dollar and expect prices to reach there by December. Canadian Dollar is currently trading at 1.335 against Dollar, marginally up from today's low of 1.342.
