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Canada Consumer Price Index (YoY) came in at 3%, above forecasts (2.9%) in July
Canada Consumer Price Index (YoY) came in at 3%, above forecasts (2.9%) in July
Canada Consumer Price Index (MoM) in line with forecasts (0.5%) in July
Canada Consumer Price Index (MoM) in line with forecasts (0.5%) in July
Canada BoC Consumer Price Index Core (YoY): 2.3% (July) vs 2.1%
Canada BoC Consumer Price Index Core (YoY): 2.3% (July) vs 2.1%
Canada BoC Consumer Price Index Core (MoM) rose from previous 0.1%Â to 0.2% in July
Canada BoC Consumer Price Index Core (MoM) rose from previous 0.1%Â to 0.2% in July
GBP/USD Price Forecast: Bulls press toward 1.3600 as uptrend strengthens
GBP/USD edges higher on Monday as fading expectations of an imminent Federal Reserve (Fed) rate hike drag the US Dollar (USD) lower and lift the British Pound (GBP) to its highest level since May 12.
Norwegian Krone: Further gains seen versus Euro - Rabobank
Rabobank's Senior FX Strategist Jane Foley highlights that the Norwegian Krone (NOK) is the strongest G10 currency across multiple horizons, supported by Oil prices, above-target inflation and a hawkish Norges Bank.
Indian Rupee: RBI move tightens liquidity – BNY
BNY’s Geoff Yu notes that India’s bonds sold off after the Reserve Bank of India (RBI) unexpectedly advanced closure of its special Dollar deposit window to end-August.
Japan: BoJ path questioned on weak demand – Societe Generale
Societe Generale economists Reo Sakida and Jin Kenzaki say Japan’s 2Q GDP data were weaker than expected, with consumption and capex both disappointing.
EUR/JPY Price Forecast: Bulls eye 185.00 resistance area
The Euro (EUR) crawls higher for the third consecutive day on Monday, against a weak Yen (JPY), weighed down by downbeat Japanese Gross Domestic Product (GDP) figures.
Economists agree: Fed to leave interest rates unchanged this year – Reuters poll
A large majority of economists expect the Federal Reserve (Fed) to keep interest rates unchanged in September and for the rest of this year, according to a Reuters poll conducted between August 12 and 17.
Japanese Yen: Intervention risk near 160 highlighted – DBS
Philip Wee of DBS Group Research notes that markets still focus on Japan’s struggle to support the Japanese Yen, while underplaying broader USD implications.
Gold strengthens above $4,400 as Fed rate-hike expectations fade
Gold (XAU/USD) extends its intraday advance on Monday, supported by fading expectations that the Federal Reserve (Fed) will raise interest rates at its September meeting, while the US Dollar (USD) remains on the back foot. At the time of writing, XAU/USD trades around $4,425, up 1.11% on the day.
Canadian Dollar gains ground with inflation data set to test BoC outlook
USD/CAD trades around 1.3860 on Monday at the time of writing, down 0.11% on the day. The pair extends its decline as the US Dollar (USD) remains under pressure against the Canadian Dollar (CAD), with investors scaling back expectations of further monetary tightening by the Federal Reserve (Fed).