This period of market calm could come to an abrupt end next week. A long list of high-risk events is likely to see volatility return with a vengeance and keep investors well-occupied.

The Canadian Dollar is the second-best performer against the US dollar so far in June, gaining 1% thanks to higher oil prices and increased expectations around a BoC rate hike.  

Despite the holiday-shortened week ahead for US and UK financial markets, the US debt ceiling saga will remain center stage as the clock ticks towards a potential June 1st “hard deadline”.

The Japanese Yen has appreciated against every single G10 currency since the start of May, with the USDJPY dropping over 1% month-to-date.