US Dollar Hits Seven-Week High, Bolstered by Data, Debt Ceiling Hopes
"A raft of stronger-than-expected data is intersecting with a hawkish shift in communications from Fed officials to push rate expectations across the front end of the curve," said Karl Schamotta, chief market strategist, at Corpay in Toronto.
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"In Canada we already have near-instant payments between people within the country. We have a very, very small unbanked population. What benefits would central bank digital currencies offer in terms of reducing payment system frictions?"
