CADEUR CAD/EUR
- 0.6751
- -0.0011-0.16%
CAD/EUR News
There is a high probability that the Bank of Canada will cut interest rates this week. The US and Canada are expected to fall below 1.3601 support and look at 1.3400
Market analyst Saqib Iqbal wrote that the USD/CAD weekly forecast shows more downside potential because the Bank of Canada is likely to cut interest rates this week, far ahead of the Federal Reserve. On the technical side, USD/CAD has fallen below the bullish trend line and is approaching the 1.3601 support level.
There is a high probability that the European Bank will cut interest rates this week. What do investment banks think in the future?
Market analyst Martin Arnold said that the ECB will ignore the recent recovery in inflation in the Eurozone and will start cutting interest rates no matter what in Thursday's resolution. The portfolio manager of Pacific Investment Management Corporation (Pimco) predicts that the ECB will still cut interest rates twice more this year in September and December, but the risk tends to reduce interest rate cuts. Nomura believes that in terms of further interest rate cuts, the EU will adopt a “cautious and gradual approach.”
Expectations are full! Just next week, the ECB will take the lead in starting a cycle of interest rate cuts
The ECB's interest rate cut in June was fixed, but Deutsche Bank believes that the ECB is still plagued by high inflation, weak growth, upward pressure on wages, and exchange rate fluctuations. It is expected that it will not cut interest rates month by month but only once every quarter.
Eurozone CPI rebounds to 2.6% year on year in May as ECB considers cutting interest rates next week
Expectations of interest rate cuts declined further after the data was released. The Eurozone money market now prices that the ECB will cut interest rates by less than 55 basis points in 2024, while before the inflation data was released, it was about 57 basis points.
Be wary of rising inflation! Expectations that the ECB will cut interest rates again after cutting interest rates in June may be lowered
Nearly three-quarters of respondents said that the Eurozone has its own inflation dynamics and is not just lagging behind the US. However, only 6% think the ECB can completely break away from the Federal Reserve in setting interest rates.
ECB Seen Making Fewer Rate Cuts in Fight to Curb Inflation Risks
Economists are dialing back their expectations for how far the European Central Bank will lower interest rates after it starts cutting next week, according to a Bloomberg survey.
Canadian Dollar claws back ground after Greenback softens on Thursday
The Canadian Dollar (CAD) is rebounding on Thursday, recovering ground previously lost in the midweek market session as broad market flows in the Greenback dictate overall market sentiment.
Canadian Core Inflation Measures Set to Remain Relatively Muted -- Market Talk
The stage is set for Canadian headline and core inflation to reach the central bank's 2% target on a sustained basis by early next year, even if core price growth accelerates somewhat from the muted start to the year, Capital Economics' Olivia Cross suggests.
Canada Q1 Current Account Deficit Expands to $5.4 Billion; Canadians Buy Record $37 Billion in Foreign Bonds in Quarter
Canada posted a seasonally adjusted current account deficit of $5.4 billion in the first quarter, $900 million more than the previous quarter as the goods balance moved from a surplus into a deficit, the country's statistical agency said on Thursday.
Eurozone May Grow Slowly as Confidence Creaks Higher -- Market Talk
A weak rise in confidence among eurozone consumers and business points to anemic growth in the bloc, Lily Millard at Capital Economics writes in a note.
Eurozone Firms, Consumers Proffer Sunnier Mood in May
Confidence among consumers and businesses alike improved in the eurozone this month as the bloc looks increasingly sure of a soft landing from recent years' high inflation and interest rates.
Eurozone Unemployment Reaches New Low
The eurozone's unemployment rate fell to a record low in April, a sign that the jobs market is stronger than the European Central Bank had anticipated as it prepares to cut its key rate next week.
Italian Unemployment Rate Unexpectedly Falls to 6.9% in April
Italy's unemployment rate came in at 6.9% in April, down from the revised 7.1% in March, the national statistics agency Istat said Thursday.
Spanish Inflation Accelerates for Third Month as Energy Aid Ends
Spanish inflation quickened for a third month as the rollback of government support to contain energy crisis continued to push prices higher.
Spanish Inflation Rises Again
Consumer prices rose at a faster rate in Spain this month, adding to signs that Europe's battle against inflation isn't yet won.
ECB Expected to Follow Up June Rate Cut With Reduction in September -- Market Talk
The European Central Bank is set to initiate monetary policy easing with a 25 basis point interest-rate cut on June 6 but it will wait until September before considering reducing rates again, given prevailing inflation risks, Jussi Hiljanen, chief strategist for euro and dollar rates at SEB Research, says in a note.
The European Bank Management Committee said that interest rate cuts will begin gradually soon, and actions after June will depend on data
ECB Governing Council member Nott said that the region “soon” will be the time to relax monetary policy, but he warned that this process needs to be carried out slowly to control inflation. He said that it is still impossible for the ECB to promise a specific path to cut interest rates in the second half of this year, and actions after June will depend on data.
Canadian Dollar recedes on Wednesday as Greenback rebounds
The Canadian Dollar is softening across the board on Wednesday, shedding weight as the safe haven Greenback catches a broad-market bid.
Eurobonds are issued at a record pace and have broken the 1 trillion euro mark since this year
The amount of Eurobonds issued since this year has surpassed the 1 trillion euro (1.1 trillion US dollars) mark, more than a week before reaching this record.
German Inflation to Move Sideways in Coming Months on Hot Services Prices -- Market Talk
German services inflation remains an issue for the European Central Bank, DWS economist Ulrike Kastens says in a note.