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Soft US inflation data hope driving US dollar down. RBNZ turns dovish and cuts rates by 25 bps. US dollar trading with negative bias. USDCAD: open 1.3702, overnight range 1.3700-1.3721,...
US PPI ex food and energy forecast 2.7% y/y vs June 3.0% WTI oil prices climb on escalating Iran and Israel tensions. US dollar opens mixed-Commodity currencies outperform. USDCAD: open...
Loonie rises despite weak employment numbers. Top-tier data glut coming down the pipe this week, but not today. US dollar slides undecided after dull overnight session. USDCAD: open 1.3721, overnight...
Canada’s unemployment rate expected to rise to 6.5% from 6.4%. Global equity rally improves risk sentiment. US dollar slides with stock market gains. USDCAD: open 1.3733, overnight range 1.3718-1.3744, close...
Equity rally was short-lived-global indices posting losses. BoC minutes show policymakers fear slowing growth. US dollar trading quietly on a mixed note. USDCAD: open 1.3746, overnight range 1.3727-1.3762, close 1.3760,...
Sunny days-global equity indexes rally. Loonie soars as CAD/US interest rate spreads narrow. US dollar trading defensively but JPY sharply lower. USDCAD: open 1.3748, overnight range 1.3748-1.3791, close 1.3785, WTI...
Economic Outlook and Summary July had a lot going on. Markets survived the French and UK elections, while escalating US election politics and Middle East tensions made traders very nervous....
Global equities attempting to bounce back from melt-down. Reserve Bank of Australia leaves rates unchanged, as expected. US dollar opens mixed after two-day rollercoaster ride. USDCAD: open 1.3845, overnight range...
Safe-haven demand weighing on Treasury yields while boost gold prices. US nonfarm payrolls forecast to rise 180,000 in July (previous 206,000). US dollar opens mixed, consolidating yesterday’s gains. USDCAD: open...
GBPUSD tumbles after BoE cuts rates. Fed keeps September rate cut hopes alive. US dollar rebounds from yesterday’s lows. USDCAD: open 1.3833, overnight range 1.3800-1.3836, close 1.3808, WTI $78.52, Gold,...
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