Forex Market

Tiff Macklem, governor of the Bank of Canada, anticipates that inflation will hover around 3% in 2019 before gradually returning to the 2% objective. He stated in an interview with The Globe and Mail that although the labour market has improved somewhat, it is still extremely tight. He argued that …

In May 2022, the Eurozone had a substantially larger trade deficit than it did in May 2022 because countries paid less for energy imports. According to the European Union’s statistics office Eurostat, the trade deficit for the union in May was about 300 million euros ($336.8 million), significantly lower than …

The Canadian Dollar has reacted to the latest performance by the US Dollar as well as the expectations on the US interest rates, leading to a rebound in the USD/CAD exchange rate. The Michigan Consumer Sentiment Index for June beat expectations, improving the US economy’s outlook and supporting the US …

The US dollar is battling to end its losing run as European trade begins, with the US Dollar Index consolidating around 100.00. According to the University of Michigan’s consumer sentiment data, the dollar’s worth has increased dramatically as a result of the university’s positive consumer sentiment figures. Thanks to the …

The dollar hovered near a 15-month low on Friday, heading for its biggest weekly decline since November, after weak U.S. inflation data boosted investor bets that the Federal Reserve was close to ending its rate hike path. Data on Thursday revealed that U.S. producer prices barely rose in June, while …

Global benchmark Brent crude hovered above $81 a barrel on Friday as sentiment on US demand rose, supported by supply disruptions in Libya and Nigeria. Brent and US West Texas Intermediate crude futures rose for the third consecutive session and in early Asian trading on Friday and are on track …

European stocks fell on Friday but remain on course for their biggest weekly percentage jump in more than three months, driven by hopes the Federal Reserve will stop raising interest rates soon as inflation subsides. The pan-European Stoxx 600 index was down 0.2 percent by 0702 GMT. However, it rose …

The US Dollar sharply dropped again after the release of more inflation data from the US. The figures offer signals that inflation continues to cool, triggering more gains in Wall Street and Treasury bonds.Economic DataThe US Producer Price Index (PPI), which reached its peak in June 2022 at 11.2%, increased …

According to prepared remarks for delivery at a conference sponsored by The Money Marketeers of New York University, Federal Reserve Governor Christopher Waller has expressed his support for hiking rates at the July FOMC meeting. The decision-maker also demonstrated his reluctance to declare US inflation under control and supported further …

The GBP/USD pair has rallied after the US Producer Price Index (PPI) for June surged below estimates, indicating a steady deceleration of inflation in the largest world economy. The pair is trading at 1.3133 at the time of writing. The UK is seen as hardly missing a recession, but fears …