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Canada International Merchandise Trade registered at $4.24B above expectations ($2.7B) in May
Canada International Merchandise Trade registered at $4.24B above expectations ($2.7B) in May
Canada Exports up to $77.1B in May from previous $75.16B
Canada Exports up to $77.1B in May from previous $75.16B
Canada Imports climbed from previous $72.44B to $72.86B in May
Canada Imports climbed from previous $72.44B to $72.86B in May
Euro: ECB support limited by spreads ā NBC
National Bank of Canada ās (NBC) StĆ©fane Marion and Kyle Dahms note the Euro (EUR) fell toward 1.13 in June despite a more hawkish European Central Bank (ECB), underscoring that EUR/USD remains driven by relative rates.
New Zealand Dollar: RBNZ seen starting rate hikes ā BBH
Brown Brothers Harrimanās (BBH) Elias Haddad highlights the Reserve Bank of New Zealand (RBNZ) policy decision as the key domestic event, with a first 25 bps hike to 2.50% expected.
United States ADP Employment Change 4-week average down to 21K in June 13 from previous 30.75K
United States ADP Employment Change 4-week average down to 21K in June 13 from previous 30.75K
Japanese Yen: Inflation curve debate shapes outlook ā Rabobank
Rabobankās Senior FX Strategist Jane Foley discusses the Japanese Yenās (JPY) recent strength and questions whether the Bank of Japan (BoJ) is truly behind the inflation curve.
Hungarian Forint: Dovish inflation path supports more cuts ā ING
Frantisek Taborsky at ING highlights Hungarian inflation falling to 1.7%, below market and National Bank of Hungary (NBH) forecasts, cementing rate cuts in July and August. Markets price around 150bp of easing and a 4.50% terminal rate, with scope for additional cuts.
Euro: Upside bias held above strong support against US Dollar ā UOB
United Overseas Bankās (UOB) Quek Ser Leang reports EUR/USD holding near 1.1440 with a firmer underlying tone. The pair is expected to trade slightly higher in a 1.1425ā1.1470 range intraday.
NZD/USD Price Forecast: Faces pressure near 0.5700 in countdown to RBNZ policy
The NZD/USD pair is down 0.2% to near 0.5690 during the European trading session on Tuesday. The Kiwi pair faces selling pressure as the New Zealand Dollar (NZD) underperforms its peers ahead of the Reserve Bank of New Zealandās (RBNZ) monetary policy decision on Wednesday.
Federal Reserve: Trimmed inflation guides rate outlook ā Rabobank
RaboResearch Global Economics & Markets discusses how the Federal Reserveās new task force on inflation frameworks under Chair Warsh may elevate trimmed inflation in policy decisions.
European Central Bank: Cautious path to further hike ā BNP Paribas
BNP Paribas analysts assess recent European Central Bank (ECB) communication from Sintra, highlighting Christine Lagardeās cautious stance and shift toward āframework guidanceā in a volatile environment.
Canadian Dollar: Weakness extends against US Dollar ā Societe Generale
Societe Generaleās Kenneth Broux highlights that USD/CAD has broken out of a large consolidation and extended gains towards 1.4250, with the upper part of the prior range at 1.4130 now acting as key support.