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Canadian Dollar: Inflation steady near target – RBC
Royal Bank of Canada (RBC) economists Abbey Xu and Nathan Janzen note that Canadian inflation rose to 3% year-over-year in July, mainly on higher energy costs, while underlying measures like CPI-trim and CPI-median stayed near the 2% target.
United States NAHB Housing Market Index came in at 35, above forecasts (33) in August
United States NAHB Housing Market Index came in at 35, above forecasts (33) in August
Japanese Yen: Policy doubts weigh on Yen – BNY
BNY’s Geoff Yu highlights that weak Japanese Gross Domestic Product (GDP) data and rising JGB yields are undermining confidence in the Bank of Japan’s ability to sustain a stronger Yen.
Canadian Dollar firms after hotter-than-expected inflation data
USD/CAD falls to its lowest level since June 3 on Monday as the US Dollar (USD) stays under pressure, while hotter-than-expected Canadian inflation data provided additional support to the Canadian Dollar (CAD). At the time of writing, the pair trades around 1.3852.
Canadian Dollar struggles against Euro as inflation accelerates to 3%
EUR/CAD edges higher on Monday, trading around 1.6070 at the time of writing, up 0.11% on the day. The pair maintains a positive bias despite a stronger-than-expected acceleration in Canadian inflation, which provides some support to the Canadian Dollar (CAD).
China: Fiscal support to offset weak demand – Standard Chartered
Standard Chartered economists Hunter Chan and Shuang Ding note that China’s July real activity data showed weaker momentum, with estimated monthly Gross Domestic Product (GDP) growth dropping below 4.3% year-on-year.
New Zealand Dollar hits two-month high as US Dollar weakness offsets softer China data
NZD/USD extends its advance on Monday and trades around 0.5915 at the time of writing, up 0.37% on the day.
Taiwan: Strong double-digit GDP expansion to persist – DBS
DBS Group Research economist Ma Tieying revises Taiwan’s 2026 GDP growth forecast up to 11.6% from 9.4% and 2027 to 5.6% from 4.5%, noting that growth will exceed 10% and mark the strongest pace in more than three decades.
United States: Sideways growth and sticky inflation – TD Securities
TD Securities economists Oscar Munoz and Eli Nir expect US output growth to move sideways in 2025 as the lingering Oil shock and Iran conflict create stagflationary risks, keeping the Fed on hold.
Canada Canadian Portfolio Investment in Foreign Securities increased to $35.43B in June from previous $22.27B
Canada Canadian Portfolio Investment in Foreign Securities increased to $35.43B in June from previous $22.27B
Canada Foreign Portfolio Investment in Canadian Securities registered at $40.83B above expectations ($15B) in June
Canada Foreign Portfolio Investment in Canadian Securities registered at $40.83B above expectations ($15B) in June
Canada Consumer Price Index - Core (MoM) remains at 0.2% in July
Canada Consumer Price Index - Core (MoM) remains at 0.2% in July
United States NY Empire State Manufacturing Index above expectations (11) in August: Actual (20.6)
United States NY Empire State Manufacturing Index above expectations (11) in August: Actual (20.6)