Economic Report

The euro recovered on Tuesday, recouping almost all of its losses on Monday, buoyed by reports that some Russian forces in areas near Ukraine have begun to return to their bases. The single European currency rose 0.4 percent to $1.1346, with European shares recovering with the support of those reports. …

The dollar rose to a two-week high on Monday as investors sought safe-haven assets amid fears that Russia was preparing to invade Ukraine. The United States said Russia could make the move at any time and could suddenly create a pretext for an attack, and on Sunday reiterated its pledge …

According to the University of Michigan’s preliminary February Consumer survey, the Consumer Sentiment Index fell to 61.7 in February, well below expectations for a slight rise to 67.5 from 67.2 in January. That marked the lowest such reading since October 2011. The Current Conditions Index fell to 68.5 from 72.0 …

The dollar rose to an eight-day high on Friday after US inflation rose to a 40-year high and statements from a Federal Reserve official launched a wave of bets on a major hike in US interest rates. At the same time, the euro, which rose last week, is heading for …

Major currency pairs were quite volatile on Thursday following the release of US inflation figures. The US Consumer Price Index soared to 7.5% YoY in January, higher than the 7.3% expected.The core reading printed at 6%, also above the market’s forecast. The headline spurred a short-lived US dollar’s rally, although …

Statistics Canada will release January Consumer Price Index (CPI) data on Wednesday, February 16 at 13:30 and as we get closer to the release time, here are the forecasts by the economists and researchers of three major banks regarding the upcoming Canadian inflation data. NBF “While we expect strong print …

Ahead of Thursday’s key US Consumer Price Index data scheduled for New York’s morning session, the White House says tomorrow’s inflation data will show a high year-on-year figure.The White House states that its irrelevant month on month number will continue trending lower the rest of the year.The consensus in the …

As the US inflation data is expected to show that prices rose by 0.4% in January, for a 7.2% gain from one year ago, major currency pairs continue lacking certain direction and struggle to maintain their strength. Major currencies have also held within limited intraday ranges on Tuesday. The US …

The euro fell for the second day in a row on Tuesday after European Central Bank President Christine Lagarde said that there is no need for significant monetary tightening in the eurozone. Bond yields rose, and the euro recorded its highest weekly performance since March 2020 last week, when the …

Contrary to the positive surprise provided by the last week’s US NFP and jobs data, the US inflation profile expectations depict a downbeat scenario ahead of the key US Consumer Price Index data for January.The US inflation gauge, as measured by the 10-year breakeven inflation rate per the St. Louis …