Wall Street mostly higher as yields slide
CAD
This week’s CPI release will once again be closely watched for any signs that Trump tariff disruption is leading to an uptick in Canadian price growth, especially with the BoC seemingly sensitive to the risks of inflationary pass-through.
USD
The main news over the weekend was the U.S. airstrikes on Iranian nuclear sites, sparking a risk-off mood in global markets.
The dollar is gaining strength as investors move into safe-haven assets amid rising tensions between the U.S. and Iran. This will likely be the main focus this week, as we will be paying very close attention to Iran’s next move.
EUR
A relatively quiet week on the data front. Composite PMI data from the EU, expected today, is forecast to show a number above 50, while France and Germany remain below 50, indicating contraction.
GBP
Following the Bank of England’s decision to keep rates on hold last week, the pound is edging lower, weighed down by global uncertainty and soft UK economic data.
This content was originally published by our partners at Monex Canada.
