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Forex Market

Canada Services PMI Remains in Contraction as Trade Uncertainty Weighs on Jobs and Spending

Canada’s services economy stayed in contraction territory in December, as mounting trade uncertainty continued to pressure employment and client activity, according to S&P Global’s latest services PMI released Tuesday. The Business Activity Index rose to 46.5 from 44.3 in November, marking a modest improvement but remaining well below the 50-point …

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Safe Havens Shift: Yen Finds Its Footing Amidst South American Turmoil

The U.S. Dollar’s early-year rally hit a significant roadblock this week as a combination of cooling American industrial data and a resurgence in Japanese bond markets forced a sharp reversal. While the greenback initially found support as a safe haven following the dramatic military developments in South America, that momentum …

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