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CAD After initially struggling to make headway following yesterday’s CPI release, the loonie has ground higher against the dollar overnight as the latter broadly traded under pressure, a move that...
Pound Hits Highest Level Since Feb. 2022 The British pound posted gains earlier but has failed to consolidate. In the European session, GBP/USD is trading at 1.3395, up 0.03% on the day. The pound...
A quiet data calendar is allowing the US Dollar bearish trend to re-emerge. However, some USD-positive headlines on trade may come out of the ongoing G7 summit in Canada – that is, barring any...
Canada's core inflation hit 13-month highs in April. Odds of a BoC June cut slashed, CAD gains. UK core CPI is also expected to reaccelerate. Central bankers may have won the battle to tame...
Interest rate cut expectations shift from July to September as inflation proves stubborn and uneven. Moody’s downgrade and Trump’s attacks on Powell fuel short-term weakness in the US...
CAD Canadian inflation data for April, set to be published at 13:30 BST, is the one top-tier release due today. Expectations look for a drop in all-items price growth from 2.3% in March, to 1.6% in...
Britain and the European Union struck “Brexit Reset” pact in an attempt to remove trade bottlenecks and inject fresh momentum into both economies. Traders appear to approve the deal, with both the...
CAD USDCAD continues to struggle for direction to start the week, with the pair trading in the mid-1.39s. While a light calendar of events suggests this is unlikely to change today, tomorrow’s...
GBP/USD Key Points This morning’s UofM Consumer Sentiment survey fell to 50.8, the second-lowest on record, driven in large part by a rise in 1-year (to 7.3%) and 5-year (4.6%) inflation...
The Japanese yen is steady on Friday, after gaining 2% over the past three days. In the European session, USD/JPY is trading at 145.52, down 0.09% on the day. Japan's Economy Shrinks for First Time...
The New Zealand dollar is in positive territory on Friday. In the European session, NZD/USD is trading at 0.5906, up 0.54% on the day. New Zealand Inflation Expectations Rise New Zealand's two-year...
CAD While USDCAD managed to threaten 1.40 yesterday afternoon, the pair slipped lower overnight, and has continued to slide this morning. That is despite the limited data and news flow available for...
The British pound is in positive territory on Thursday. In the European session, GBP/USD is trading at 1.3287, up 0.23% on the day. UK GDP Gives the Pound a Boost The British economy expanded 0.7%...
CAD Manufacturing and wholesale sales data could garner a little more attention than usual later today, with traders still scouring the data for any signs that Trump tariffs are having a meaningful...
USD/CAD has been on a grind higher since May 6 and has now returned to the key psychological level 1.4000 level. Volatility has subsided somewhat of late as trade deals and a rebound in overall...