USD/CAD Eyes Canadian Retail Sales

Summary The Reserve Bank of New Zealand (RBNZ) kicked off its rate cut cycle at this week’s meeting, lowering its policy interest rate by 25 bps to 5.25%. The decision was a mild surprise, with an overall majority of analysts (including ourselves) expecting the central bank would remain on hold. Several factors contributed to the […]

Summary The September CPI report came in slightly hotter than expected, but not enough to meaningfully change the outlook for U.S. inflation. Headline CPI rose 0.2% in the month, while excluding food and energy prices consumer price inflation was a tenth stronger at 0.3%. A 4.1% drop in gasoline prices helped restrain overall inflation, although […]

Gold remains at the front foot and edges higher in early Monday, extending recovery into third straight day. The yellow metal regained ground after last week’s sharp fall, boosted by growing signals that the Fed may opt for 50 basis points rate hike in September. Weak US economic data warn of worse than expected scenario, […]