PBOC official Yi is quoted on Reuters as saying that inflation is not a big risk in China in the foreseeable future.
Also on the wires are comments from the BOC’s Carney which echo his comments after Thursday’s monetary policy report. He continues to emphasize that the strong CAD is more than offsetting the impact of the global economic rebound and that all tools of monetary policy remain available (including intervention, which he mentioned last week).
USD/CAD is up at 1.0575 as as commodity currencies run into some profit-taking again today.
