USDCAD USD/CAD
- 1.36123
- +0.00100+0.07%
USD/CAD News
Canadian Inflation Set To Ease Further But BoC May Need More Clarity -- Market Talk
Canadian headline and core inflation measures are expected to have edged lower in April, offering some support for a central bank seeking sustained progress on price pressures.
America Is Still Headed for a Soft Landing -- Heard on the Street -- 1st Update
Is Goldilocks back already? Certainly the bears are nowhere to be seen.
Import Prices Post Biggest Increase in Two Years, Adding to U.S. Inflation Pressures
It's not just the cost of oil. Prices of other imports are also rising.
Making a big fuss again? The US CPI data that attracted the market's attention was actually released 30 minutes ahead of schedule
What's even worse is that investors didn't even notice that the data had been released, and there were no sharp fluctuations in the market during this period. Analysts believe that if investors are aware that the data is being released ahead of time, 30 minutes will still be enough time for them to respond.
U.S. Import Prices Rise More Than Expected in April
Import prices ticked up more than expected in April, raising concerns that inflation in the U.S. could stay higher than planned in the months ahead.
US: Initial Jobless Claims Increased Above Estimates Last Week
US citizens that applied for unemployment insurance benefits increased by 222K in the week ending May 11, according to the US Department of Labor (DoL) on Thursday.
Fed Policymakers' Comments Awaited After April Inflation Data
Fed policymakers' comments awaited following the April inflation report.
New York Federal Reserve Chairman Williams's latest statement is here! Inflation data is positive, but interest rate cuts still require more confidence
New York Federal Reserve Chairman John Williams is optimistic about the latest decline in inflation data, but he is not inclined to immediately push the Federal Reserve to lower interest rates because of this. In an interview, Williams pointed out that although the decline in the consumer price index in April was “a positive sign after a series of disappointing data,” he doesn't think there is a good reason to adjust monetary policy at the moment.
GF Securities: US core inflation continues to fall, and the probability that the Fed will cut interest rates has increased
The Zhitong Finance App learned that GF Securities released a research report to analyze the reasons and trends of the decline in core inflation in the US. The team believes that the overall US inflation data for April 2024 was in line with market expectations, and the year-on-year decline continued. Among them, the growth rate of rental housing prices, which accounts for 35%, declined slightly; super core inflation (excluding core services other than housing) also cooled down month-on-month; core commodity prices continued to fall in April, but the pace slowed down. Furthermore, since this year, the market's expectations of the Fed's interest rate cut have been “going back and forth”. The main background is the continuous fluctuation in employment and inflation data and the back-and-forth of the Fed's statements.
StashAway: Optimistic that the US delays interest rate cuts, the Fed's policy shift may benefit emerging markets in Asia
Investors can focus their thinking on “when to cut interest rates” and “how much” rather than “whether interest rates will be cut in the end”. As the US begins to cut interest rates, investors may see an increase in capital flows as cash flow increases, thereby benefiting emerging markets in Asia.
Ichimoku Cloud Analysis: GBP/USD, USD/JPY, USD/CAD
GBP/USD is rising within a bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend.
The possibility that the Fed will cut interest rates this year is showing that the dollar is weakening and the yen is fleeing the intervention zone
The US dollar generally weakened against other currencies, and the yen became one of the major currencies that rose the most.
USD/CAD Rebounds Above 1.3600, Focus on US Data
USD/CAD finds support at the 1.3600 psychological level and rebounds to 1.3615 in Thursday’s early European session
Forex Today: US Dollar Stays Under Pressure Following Post-CPI Selloff
The US Dollar (USD) is struggling to stage a rebound after suffering large losses against its major rivals following the April inflation data from the US on Wednesday.
Federal Reserve Goulsby is happy to see anti-inflation progress and says there is still room for further deceleration
Chicago Federal Reserve Chairman Goulsby said in an interview that he welcomed the slowdown in price growth in April, but said there is still room for further deceleration in inflation.
Chicago Federal Reserve Governor Goolsbee praises cooling inflation and says more progress is needed
Chicago Federal Reserve Governor Austan Goolsbee welcomed the slowdown in inflation in April, but said there is still room for further decline in inflation. Goolsbee said after the release of the CPI data on Wednesday that he would like to see more such reports before supporting interest rate cuts. Recommended reading: US inflation has cooled down for the first time in six months, giving Federal Reserve officials who want to cut interest rates this year. Inflation shows “an improvement compared to the last time. It is basically in line with our expectations, but it is still higher than the level of the second half of last year,” Goolsbee said in an interview with the Marketplace radio program
Forex Today: US Inflation Bolstered the Risk Appetite
The risk complex regained strong upside traction on the back of the generalized offered stance in the US Dollar in the wake of the release of US inflation data measured by the CPI in April.
Dow Jones Industrial Average Climbs 300 Points After US CPI Inflation Eases Further
Dow Jones continues march to fresh all-time highs, approaching 40,000.00.
Fed's Kashkari Says Rates Likely On Hold for a 'While Longer'
Federal Reserve Bank of Minneapolis President Neel Kashkari repeated the central bank likely needs to keep interest rates at the current level for “a while longer,” and questioned how much they’re restraining the US economy.
Canadian Dollar softens on Wednesday, but gains against Greenback as US CPI inflation cools
The Canadian Dollar (CAD) weakened on Wednesday as one of the day’s weakest performers, but the CAD will have to settle for second-worst as the US Dollar (USD) broadly retreated following a cooler-than-expected print of US Consumer Price Index (CPI) inflation.