Jun 11, 2015 17:08 pm UTC| Commentary
Western Union notes:The loonie appeared at risk of parting with some of its gains following generally solid data south of the border. Canada today reported that factories ran at an 82.7% rate of capacity in the first...
Jun 11, 2015 17:08 pm UTC| Commentary
Western Union notes:Sterling dipped back below a key level against the greenback after the governor of the Bank of England was mum on interest rates in a speech last night.Those looking for a bullish catalyst for the pound...
Jun 11, 2015 17:07 pm UTC| Commentary
Western Union notes:The euro was in a giving mood as the weeks first meaningful look at the worlds largest economy enticed many to cash in on the single currencys recent out-performance.The euro has found a floor in rising...
Jun 11, 2015 17:04 pm UTC| Commentary
Western Union notes:New Zealands currency has fallen today to the lowest level in nearly five years. The kiwi dollar crashed nearly three percent on the session, on pace for its worst day in four years, after the nations...
Further strength in U.S. consumer spending likely ahead
Jun 11, 2015 16:18 pm UTC| Commentary
The most anticipated data release of the week did not disappoint. U.S. retail sales rose +1.2% M/M in May, right on par with market expectations. Aprils figure was upwardly-revised from 0.0% to +0.2%. While strength in...
Effects of dollar appreciation on import prices are starting to wane
Jun 11, 2015 15:48 pm UTC| Commentary
After declining for 10 consecutive months, US import prices rose 1.3% m/m in May, somewhat stronger than consensus expectations (+0.8%), as prices for imported petroleum products jumped higher. Petroleum and petroleum...
US retail sales surge in May suggests consumer spending was stronger than reported in Q1
Jun 11, 2015 15:11 pm UTC| Commentary
US retail sales were solid in May, rising 1.2%, in line with consensus expectations. The strong reading on core retail sales also comes with upward revisions to previous months and signals that consumer spending was...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned