Fed's Kaplan: US growth to rebound in second half of 2016

Dallas Fed's President Robert Kaplan is hitting the wires last minutes, via Reuters, saying that he expects U.S. growth to rebound in second half of 2016.

Key headlines (via Reuters):

  • U.S. growth is enough to continue to take slack out of the U.S. labor market
  • Fed is not as accommodative as people might think
  • Brexit impact on U.S. is manageable, as long as no other countries also leave EU

USD/CAD extends gains, approaches to 1.3200

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Oil drops more than 3% amid fading hopes of output deal

  Oil prices faced heavy pressure, with WTI falling back below $45 a barrel, amid reports suggesting little confidence on OPEC meeting next week.
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