Western Union:A near $1 uptick in oil to $51 lent a little support to the Canadian dollar though it was well off the late February high it had touched on Wednesday. On the eve of Canada's big jobs report, the economy let…
A near $1 uptick in oil to $51 lent a little support to the Canadian dollar though it was well off the late February high it had touched on Wednesday.
On the eve of Canada's big jobs report, the economy let loose mixed news on housing as building permits unexpected tumbled 0.9% in February while an index of new housing prices beat forecasts with a 0.2% rise.
Much is on the line for USDCAD when Canada on Friday releases key employment figures. Unchanged or zero net job growth is expected for March so an upside surprise could see the loonie duck back below C$1.24 like it did Wednesday.
However, a poor number would intensify worries about the health of Canada's economy, and increase calls for a local rate cut, all of which could see USDCAD make a run toward recent six-year highs around C$1.28.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
