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Canada June inflation data on tap. US Retail Sales data is overshadowed by politics. US dollar recoups some losses in uneventful overnight trading. USDCAD: 1.3678, overnight range 1.3674-1.3695, close 1.3682,...
Bank of Canada Business Outlook Survey ahead. Oil prices slump after weak Chinese GDP data. US dollar trading negatively-JPY outperforms. USDCAD: 1.3645, overnight range 1.3636-1.3664, close 1.3639, WTI $81.06, Gold,...
US CPI spurs September rate cut fever. Canadian dollar underperforms vs majors. US dollar opens sharply lower from yesterday, consolidates losses overnight. USDCAD: open 1.3617, overnight range 1.3511-1.3635, close 1.3634,...
Fed Chair Powell raises rate cut hopes. RBNZ flips the switch and turns dovish. US dollar drifts lower in uninspired trading. USDCAD: open 1.3641, overnight range 1.3628-1.3643, close 1.3637, WTI...
Markets are hoping for a dovish Powell testimony. Traders biding their time until Thursday’s US CPI data. US dollar largely unchanged after quiet overnight session. USDCAD: open 1.3641, overnight...
French election surprise sparks short-lived reactions. Fed Chair Powell testifies to Congress tomorrow and Wednesday. US dollar opens with tiny losses in uninspired trading. USDCAD: open 1.3632, overnight range...
US and Canada Jobs data ahead. Markets hoping for Fed rate cut in September. US dollar trading defensively ahead of data. USDCAD: open 11.3609, overnight range 1.3602-1.3618, close 1.3613,...
US markets closed for July 4th holiday Risk sentiment improvements fuels US dollar sell-off. US dollar trading sharply lower, except against yen. USDCAD: open 1.3627, overnight range 1.3620-1.3643, close 1.3640,...
Economic Outlook and Summary Will they? Won’t they? And what will they say? That sums up the global market’s fixation on the US inflation outlook and Fed monetary policy in...
US markets close early today. FOMC minutes and plenty of US data on tap. US dollar retreats, posting losses across the board. USDCAD: open 1.3678, overnight range 1.3663-1.3756, WTI $82.86,...
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