USD/CAD Nears 1.3700 Before US PCE, Canada GDP Data
USD/CAD Nears 1.3700 Before US PCE, Canada GDP Data The USD/CAD pair is seeing a rebound, trading near 1.3690 during Friday’s Asian session, after halting its recent downtrend. This comes as the US Dollar strengthens in anticipation of the release of the Core Personal Consumption Expenditures (PCE) Price Index, a key inflation measure favored by […]
USD/CAD Hits New 3-Week High Above 1.3370 as Investors Eye Canada/US Job Data
USD/CAD Hits New 3-Week High Above 1.3370 as Investors Eye Canada/US Job Data The USD/CAD pair has recently reached a new three-week high, hitting 1.3375 during the London trading session. This rally of the Loonie asset comes in spite of the prevailing weakness in the US Dollar Index (DXY), rising oil prices, and the anticipated […]
European Flash PMI’s and Canada Inflation Report
European Flash PMI’s and Canada Inflation Report Australia’s ASX 200 index fell by -12.7 points and currently trades at 7,338.80 Japan’s Nikkei 225 index has fallen by -37.31 points and currently trades at 27,494.63 Hong Kong’s Hang Seng index has fallen by -207.23 points and currently trades at 20,679.73 China’s A50 Index has fallen by […]
RBA Expected to Hike by 25bps
RBA Expected to Hike by 25bps The RBA are expected to rise interest rates by 25 bp to 3.35% tomorrow, which would take rates to their highest level since September 2012. If so, it would be their fourth consecutive 25bp hike and ninth back-to-back hike this cycle – which is their most aggressive in history. […]
Canada:- Inflation Tiptoes in the Right Direction in November
Canada:- Inflation Tiptoes in the Right Direction in November Consumer price inflation took a small step down in November, to 6.8% YoY, after holding steady at 6.9% through September and October. Canadians got some relief at the pumps in November, with prices down 3.6% m/m, after prices surged 9.2% in October. However, gasoline prices are […]