September rate hike still on the table – Fed’s Bullard

FXStreet (Edinburgh) - James Bullard, President of St. Louis Fed, has left the door open for a rate hike in September, stressing at the same time that it would be prudent to lift rates off zero.

He also added that concerns over China or Greece are not expected to influence on the Fed’s policy.

USD/CAD steady after Canadian wholesale sales

USD/CAD continues to consolidate near 6-year highs struck last week on the back of BoC rate cut, trading just below the 1.30 mark.
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Crude bulls weakened by the glut in refined products

Oil prices in the US recovered losses, but struggled to strengthen as the oil bulls are worried about the signs of growing glut in refined products that outweighed a fall in Saudi crude exports and slower US rig activity.
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