Next year's Fed hikes are mispriced, says RBC Capital Markets
Canadian bank expects US rates to continue rising as long as US growth persists
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The dollar will continue to drive currency movements in G10, as markets are underpricing where the US central bank sees interest rates reaching neutral levels, which means the greenback has further strengthening on the horizon, says Adam Cole, chief currency strategist at RBC Capital Markets.
Neutral rates are the US central bank’s description for interest rate levels that neither boost nor restrict economic
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