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Traders looking ahead to Friday’s US nonfarm payrolls report. Bank of Canada expected to cut rates by 25 bps tomorrow. US dollar is bid to start the week. USDCAD: open 1.3535, overnight range 1.3476-1.3548, close1.3496,...
Canadian economic growth expected to have slowed in June. US Core PCE-Price index forecast at 0.2% m/m (previous 0.1%) US dollar opens a tad firmer across the board. USDCAD: open...
UBS downgrades China 2024 GDP forecast to 4.6% from 4.9%. US weekly jobless claims may cause a bigger reaction than usual. US dollar mostly halts its slide-NZD outperforms. USDCAD: open1.3456,...
Loonie drifting higher on talk of aggressive Fed rate cuts. Australian inflation rises more than expected, but below last month. US dollar opens modestly higher but remains on the defensive....
Second tier US data on tap Traders biding their time until next week’s US employment data. US dollar trading defensively and with a negative bias. USDCAD: open 1.3469, overnight range...
US Durable Goods Orders released today. Powell’s comments spark flurry or “risk-on” trades US dollar under pressure from aggressive Fed rate cut expectations. USDCAD: open 1.3510, overnight range 1.3499-1.3516, close...
Canada Retail Sales expected to fall 0.3% m/m Markets on hold until Powell’s speech at 10:am ET US rangebound but modestly firmer from yesterday’s opening levels. USDCAD: open 1.3588, overnight...
FOMC minutes are the highlight of a light US economic calendar. Nonfarm payroll revisions to benchmark could roil markets. US dollar continues to fall on dovish Fed speculation. USDCAD: open...
Canada CPI expected to have risen 2.5% y/y in July (June 2.7%). Gold surges on US rate outlook. US dollar reeling as dovish Fed talk heats up. USDCAD: open 1.3615,...
Loonie struggling to find a direction Risk sentiment improves following US retail sales data. US dollar drifts lower in uneven manner. USDCAD: open 1.3720, overnight range 1.3715-1.3736, close 1.3734, WTI...
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