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Canada’s inflation rate expected to fall to 2.9% Fed members push back against rate cut expectations The Canadian dollar is showing little movement on Tuesday. In the European session, USD/CAD is trading at 1.3382, down 0.13%. We could see stronger movement from the Canadian dollar in the North American session, with the release of the […]

The post Canadian Dollar Drifting Ahead of CPI Release appeared first on Action Forex.

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16/01/2024

Canada: Business and Consumer Sentiment Remained Downbeat in Q4 2023

According to the Bank of Canada Business Outlook Survey (BOS) Canadian business sentiment remained downbeat in the fourth quarter of 2023. The BOS indicator, a statistical summary of survey results, was -3.15 in 2023 Q4, up only slightly from the post-pandemic low of -3.45 in 2023 Q3. The pessimistic tone was broad-based across sectors and […]
09/07/2024

NZD Edges Lower Ahead of RBNZ Decision

The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6115, down 0.16% in the European session at the time of writing. The New Zealand dollar looked sharp last week against the slumping US dollar, climbing 0.88%. Reserve Bank expected to hold rates again The Reserve Bank of New Zealand is expected to […]
18/01/2024

Bank of Japan Meets But No Fireworks Expected

BoJ to keep interest rates and yield curve control unchanged Friday’s CPI data may show abating inflationary pressures Wage negotiations could decide exit from ultra-loose policy Yen suffers as markets dial back rate hikes BoJ makes baby steps towards policy normalisation Although inflation in Japan has been above the 2% target for more than a year […]