EUR/USD Forecast: ECB Rate Cut Pressure Looms
Market participants are almost certain that the ECB will cut rates on Thursday. The interest rate gap between the Eurozone and the US will widen. The core US PCE price…
Market participants are almost certain that the ECB will cut rates on Thursday. The interest rate gap between the Eurozone and the US will widen. The core US PCE price…
The Canadian economy grew more slowly than expected in Q1. The probability of a Bank of Canada rate cut in June rose from 66% to 83%. The core US PCE…
Data on Friday revealed warmer-than-expected euro zone inflation in May. The core PCE price index report revealed a drop in US inflation Investors are eagerly awaiting the non-farm payrolls report.…
Accelerated data on consumer confidence from the US caused the dollar to rise. Canadian GDP fell from 0.2% to 0.0% on a monthly basis. Markets are predicting a 60% chance…
The US economy grew at an annual rate of 1.3% in Q1 compared to 1.6%. Investors are preparing for the US core PCE price index. Core consumer inflation increased in…
Investors await the US core PCE price index report for more clues on Fed policy. US GDP data was lower than expected at 1.3% in Q1. Markets expect just 27…
The dollar rose with Treasury yields. The Canadian dollar fell with oil prices. There is a 60% chance the BoC will cut rates on Wednesday next week. The USD/CAD outlook…
Treasury yields rose this week on better-than-expected US data A recent auction in the US revealed less demand for the country's debt. Data from the Eurozone showed a higher than…
Consumer inflation in Australia increased by 3.6% in April. Expectations for an increase in interest rates by RBA in September increased from 12% to 20%. The US CB report on…
May saw a sharp improvement in US consumer confidence from 97.5 to 102.0. US yields rose, sending the yen down. The BoJ's Seiji Adachi said the central bank could raise…