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Tag: CAD

Hawkish Fed Boosts US Dollar But Tariffs Bring Currency Down to Earth

The US dollar is lower against major pairs after the U.S. Federal Reserve raised the benchmark Fed funds rate by 25 basis points on Wednesday. The move was heavily anticipated by the market, but the strong pace of the US economy could mean more rate hikes. The latest projections from the US central bank now […]

Trump Blames OPEC for High Oil Prices

U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from a global nuclear arms deal with Iran. Trump sparked the latest back-and-forth when he renewed his attack on OPEC in […]

U.S Producer price index

The Producer Price Index for final demand rose 0.5 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.1 percent in April and 0.3 percent in March. (See table A.) On an unadjusted basis, the final demand index moved up 3.1 percent for the 12 months ended […]

USD/CAD – Canadian Dollar Steady as Markets Await Fed Rate Hike

The Canadian dollar is subdued in the Wednesday session. Currently, USD/CAD is trading at 1.3019, up 0.03% on the day. On the release front, there are no Canadian events. PPI is expected to rise to 0.3% and Core PPI is forecast to remain pegged at 0.2%. The Federal Reserve is expected to raise the benchmark […]

Fed to hike, but what next?

Wednesday June 13: Five things the markets are talking about Yesterday’s data showed that U.S consumer prices climbed in May, a further sign price pressures stateside are solidifying. The Fed, which began its two-day policy meeting yesterday, is watching price data closely as it weighs the path of short-term interest rates. This afternoon, Fed officials […]

Fed Hike Priced In But Market to Focus on Powell’s Words

The US dollar is higher against major currencies on Tuesday after American inflation came in better than expected ahead of the eagerly anticipated Federal Open Market Committee (FOMC) two day meeting. A 25 basis points rate hike has been priced in for months with the CME FedWatch showing a 96.3 percent probability of a lift […]

USD/CAD – Canadian Dollar Edges Lower, US Consumer Inflation Meets Expectations

The Canadian dollar continues to lose ground this week. On Tuesday, USD/CAD is trading at 1.3014, up 0.28% on the day. On the release front, there are no Canadian events. In the US, consumer inflation numbers were within expectations. CPI remained pegged at 0.2% and Core CPI edged up to 0.2%, just above the forecast […]

Dollar Seeks Central Bank Guidance

Tuesday June 12: Five things the markets are talking about The Trump-Kim summit came and went with little market movement. Instead, investors and dealers remain focused on a plethora of macro-events and data coming over the next few days. The meeting has produced much positive symbolism, but little in the way of substance as vague […]

USD/CAD – Canadian Dollar Slips to 1.30, G-7 Summit Ends in Disarray

The Canadian dollar has started the dollar with losses. On Monday, USD/CAD is trading at 1.3004, up 0.62% on the day. In economic news, it’s a very quiet start to the week. There are no Canadian indicators and the sole US event is the 10-year bond yield. On Tuesday, the US releases CPI reports.  The markets were […]

Geopolitics and Rate Calls to Dominate Busy Week

Monday June 11: Five things the markets are talking about Investors’ focus now shifts from last weekend’s disastrous G7 meeting in Canada to tomorrows Trump-Kim summit in Singapore and a plethora of major central bank rate announcements later this week. Market mood remains cautiously ‘risk-on’ as we begin one of the busiest weeks of the […]