The loonie rose to new three-month highs but so far hasn't mustered the steam to make a decisive break below C$1.20. Data from both sides of the border were mixed and somewhat of an offsetting catalyst.
Canadian producer prices fell at a faster annual rate of 1.8% in March from a 1.5% decline in February. But U.S. growth disappointed and barely expanded in the first quarter.
Commentary
CAD review
The loonie rose to new three-month highs but so far hasn't mustered the steam to make a decisive break below C$1.20. Data from both sides of the border were mixed and somewhat of an offsetting catalyst. Canadian producer…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
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…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
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…
U.S. personal income and spending rose less than expected in August
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…
