USD/CAD Forecast: Falling BoC Rate Cut Bets Boost CAD
The Canadian dollar has fallen since Tuesday despite an unexpected jump in Canadian inflation. Inflation in Canada rose at an annual rate of 2.9% in May. The dollar strengthened on…
The Canadian dollar has fallen since Tuesday despite an unexpected jump in Canadian inflation. Inflation in Canada rose at an annual rate of 2.9% in May. The dollar strengthened on…
On Wednesday, the yen fell to a 38-year low. Investors remained cautious ahead of the French elections. Policymakers remain confident that inflation in the eurozone will reach the 2% target.…
The dollar rose on Tuesday after Fed policymakers maintained a cautious tone. Lisa Cook's Fed rate cut would depend on incoming data. The BoJ is under heavy pressure to raise…
Inflation in Australia rose at an annual rate of 4.0% in May. The probability of an RBA rate hike in November has risen to 60%. Markets are eagerly awaiting the…
The dollar fell ahead of more inflation data from the US. The euro could end the month with a loss of 1%. Markets will pay attention to Thursday's presidential debate.…
BoC Governor Tiff Macklem said the economy could grow as inflation eases. Traders have a 72% chance of another Bank of Canada cut in July. Economists expect data from the…
Economists believe that a rate cut in the UK is imminent. UK sales rose 2.9% in May after falling 1.8% in April. Market participants await the US PCE price index…
The yen lost 1.4% against the dollar in June. The Bank of Japan has refrained from raising interest rates further due to weak economic demand. Investors are gearing up for…
The Reserve Bank of Australia kept rates on hold but discussed the possibility of a hike. The US released data showing weaker-than-expected retail sales. Business activity data revealed stronger-than-expected expansion…
US retail sales were weaker than expected, pointing to lower consumer spending. US continuous claims hit new highs, pointing to increased unemployment. Canada will release data on inflation and GDP,…