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Tag: CAD

Friday’s relief rally in full swing

Friday October 12: Five things the markets are talking about Volatility, in particular, for equities, has notched aggressively higher this week, now that sovereign bond yields are beginning to price out cheap money. Stronger than expected U.S economic data and weak European underlying inflation in key countries is being blamed as the specific trigger for […]

USD/CAD punches above 1.30 as Canadian dollar sags, CPI next

The Canadian dollar has edged lower in the Thursday session. Currently, USD/CAD is trading at 1.3042, down 0.19% on the day. On the release front, Canada releases the New Housing Price Index, which is expected to post a gain of 0.1% for a third straight month. In the U.S., CPI and Core CPI are both expected to […]

Dollar Loses Momentum as Stocks Drop Awaiting Inflation Data

The EUR/USD rose 0.42 percent on Wednesday. The single currency is trading at 1.1539. The surge was due to positive Brexit comments but was limited as Italian budget drama continues. As the deadline for a final divorce agreement between the UK and the EU nears there has been a lot of talk of getting closer […]

Loonie Lower as USMCA High Fades

The Canadian dollar is lower on Wednesday. The loonie is lost 0.38 percent versus the USD as lower oil prices and higher US yields put downward pressure on the currency. The IMF did not cut the growth forecast for Canada, in fact mentioned that the USMCA might boost growth. The loonie has been riding the […]

Canada: Building permits, August 2018

Canadian municipalities issued $8.1 billion worth of building permits in August, up 0.4% from July. Strength in the non-residential sector drove the increase, while the residential sector declined for the third consecutive month. Non-residential sector: High value projects drive the increase In the non-residential sector, $3.2 billion worth of permits were issued in August, up […]

U.S producer prices increase for first time in three months

U.S. producer prices rose for the first time in three months amid a surge in gauges reflecting airfares and rail-transportation costs, a Labor Department report showed Wednesday in Washington. HIGHLIGHTS OF PRODUCER PRICES (SEPTEMBER) Producer-price index rose 0.2% m/m (matching est.) after a 0.1% drop in prior month; up 2.6% y/y (est. 2.7%) after 2.8% […]

USD/CAD – Canadian dollar edges higher ahead of building permits

The Canadian dollar has edged higher in Wednesday session. Currently, USD/CAD is trading at 1.2966, up 0.13% on the day. On the release front, Canada releases Building Permits, which is expected to rebound with a gain of 0.5%, following to straight declines. The U.S releases key inflation indicators this week, starting with Producer Price Index reports. […]

Dollar gains pause, but probably not for long

Wednesday October 10: Five things the markets are talking about U.S treasury yields are largely stable, after declining from their seven-year high print yesterday. Euro equities are on the back foot after Asia stocks managed to break a multi losing session. Elsewhere, the ‘big’ dollar has stalled temporarily after U.S President Trump said the Fed […]

USD/CAD – Struggling Canadian dollar dips to 1.30, housing starts drop

The Canadian dollar continues to lose ground, as the currency has posted five straight losing sessions. Currently, USD/CAD is trading at 1.2997, up 0.28% on the day. On the release front, Canadian Housing Starts dropped sharply, from 201 thousand to 189 thousand, well short of the estimate of 203 thousand. On Wednesday, Canada releases Building Permits, […]

Will the bond market bloodbath resume?

Tuesday October 9: five things the markets are talking about The first day back in a holiday-shortened trading week again sees U.S Treasury yields creeping higher, trading atop of their seven-year high yields. This aggressive backing up of sovereign yields this month is again putting pressure on risk assets. However, overnight, equities traded mixed, with […]