Forex Market

Macklem is speaking live to the Canadian chamber of commerce.Key QuotesCovid recovery phase is chance to make long overdue gains in Canadian productivity.Productivity growth is vital to economic growth, increasing wages without raising unit labour costs.US capital has moved to higher-productivity sectors in larger amounts than in Canada, ‘has been …

Isabel Schnabel, member of the Executive Board of the European Central Bank (ECB), mentioned during a Twitter session of Q&A that rising interest rates would not lower energy prices. She added that if current inflation “threatens to lead to a de-anchoring of inflation expectations, we may still need to respond”. …

USD/TRY navigates a narrow range around the usual 13.50/60 band on Wednesday. The pair remains sidelined around the familiar 13.50/60 territory for an additional session, extending the muted price action that kicked in in mid-January.The Turkish lira appears vigilant and follows the recent developments from a series of meetings between …

The AUD/USD has printed gains for the third successive day, so far up 1.5% in the week as market players prepare for Thursday’s US inflation figures. At the time of writing, the AUD/USD is trading at 0.7185.Wednesday’s economic docket is light, except for Fed speakers Michelle Bowman and Loretta Mester, …

The US trade deficit widened in December as imports soared, hitting the largest-ever level in all of 2021. The Commerce Department said on Tuesday that the trade deficit rose 1.8 percent to $80.7 billion in December. November’s data was revised down to $79.3 billion, instead of $80.2 billion 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.The global financial markets closed in the American session with the surge of the …

The EUR/USD pair holds lower ground near 1.1415 during a quiet Asian session opening on Wednesday, after stepping back from a three-month high in the last two days.The pair’s latest weakness could be linked to the higher US Treasury yields and downbeat comments from the European Central Bank (ECB) policymakers.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 …

GBP/USD is up on the day by 11% and traded at 1.3559. the pair has travelled from a low of 1.3507 to score a high of 1.3564 on the day so far. The US dollar is being eyed for prospects of a bid given the perkiness in US yields and …

The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, declined another 1.6% this month, after falling 7.6% in January. The overall reading now stands at 44.0, keeping the index in negative territory for the sixth consecutive month. A reading above 50.0 signals optimism and below 50.0 indicates …