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The Bottom Line: Today’s GDP report shows Canadian economic growth accelerated in October from September; however, the early estimate points to a contraction (-0.1%) in November, consistent with preliminary reports showing softer wholesale sales, declining manufacturing volumes, and flat retail sales. The Bank of Canada’s December messaging pointed to a more gradual approach on rate […]

The post Canadian GDP Up in October, But Momentum Faded in November appeared first on Action Forex.

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01/10/2024

Japanese Yen Slips as Powell Signals Small Cuts

USD/JPY is calm on Tuesday after the US dollar jumped 1.03% a day earlier. In the European session, the yen is trading at 143.76 at the time of writing, up 0.10%. Japan’s parliament elects Ishiba Prime Minister Japan’s political drama continued on Tuesday with the election of a new prime minister, Shigeru Ishiba. The ruling […]
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Euro Area Inflation Out Today

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