Canadian Dollar weakened modestly in early US session following disappointing retail sales data. January’s figures showed a larger-than-contraction, and more importantly, an advance estimate points to another drop in February. This suggests consumer spending might be in a weakening trend, raising fresh concerns about Canada’s economic momentum heading into Q2. However, the selloff in the […]
Dollar continues to grapple with reversing its recent bearish trend, but momentum behind the rebound remains tentative at best. The greenback has received modest support from Fed’s stance, with policymakers emphasizing there’s no urgency to resume rate cuts. This, combined with a general reassessment of earlier bearish bets, has helped slow the pace of decline
The Greenback made a U-turn, building on Wednesday’s post-FOMC recovery and climbing to weekly highs as investors reassessed the Federal Reserve’s lack of urgency in cutting rates. Here is what you need to know on Friday, March 21: The US Dollar Index (DXY) regained the smile and returned to the area beyond the 104.00 barrier
Dollar is recovering across the board as markets enter the US session, though the move appears to be more caution-driven than a shift in sentiment. With FOMC rate decision looming, traders are taking a more neutral stance rather than doubling down on Dollar’s recent weakness. Fed is widely expected to keep rates steady at 4.25-4.50%,
Dollar remains under pressure as markets await FOMC rate decision and, more crucially, the updated economic projections. While the central bank is widely expected to hold rates steady at 4.25-4.50%, traders are looking for any signs that Fed officials are adjusting their outlook in response to mounting trade tensions. Meanwhile, US stocks saw another selloff
Japan posted a merchandise trade surplus of 584.5 billion yen in February, the Ministry of Finance said on Wednesday. That was shy of expectations for a surplus of 722.8 billion yen following the 2.736 trillion yen deficit in January. Imports were down 0.7 percent on year at 8.606 trillion yen, missing forecasts for a gain
The value of overall core machine orders in Japan was down a seasonally adjusted 3.5 percent on month in January, the Cabinet Office said on Wednesday – coming in at 857.9 billion yen. That missed forecasts for a decline of 0.1 percent following the 0.8 percent decline in December. On a yearly basis, orders rose
Canadian Dollar edged higher in early US session after much stronger-than-expected inflation data. However, Loonie quickly lost momentum, as investors remained cautious about Canada’s broader economic outlook, particularly in the face of rising trade tensions with the US. While higher-than-expected inflation reduces the likelihood of another immediate rate cut, Canada’s economy is under serious pressure
Risk appetite in Asian markets has been solid this week, support by optimism surrounding China’s latest measures to boost domestic consumption. Hong Kong stocks continue to lead gains in the region. Meanwhile, in the forex markets, both New Zealand and Australian Dollars are holding firm, though the Aussie is slightly lagging due to rising trade
Asian markets opened the week on a positive note, buoyed by stronger-than-expected economic data from China and optimism surrounding Beijing’s latest efforts to boost domestic consumption. Investors welcomed China’s “special action plan” aimed at stimulating household spending, which aligns with Premier Li Qiang’s government report last week that named consumption growth as a top priority.
Dollar is staging a notable rebound as markets transition into US session, though the exact catalyst behind the move is unclear. Part of Dollar’s strength could be attributed to a broad pullback in Euro, as traders begin to take profits after this month’s strong gain. Euro’s retreat is providing the greenback with some temporary relief.
Forex markets are holding steady in Asian session today, with major currency pairs and crosses all confined within yesterday’s ranges. This lack of movement comes despite a significant escalation in the US-led trade war, as newly effective 25% tariffs on all imported steel and aluminum products have prompted swift retaliation from key trading partners. In
Dollar is struggling to find a definitive direction in early US session, even after the softer-than-expected Consumer Price Index report offered fresh evidence of easing inflation pressures. Annual core CPI now sits at its lowest level since 2021, a development that should bring some relief to both the Fed and markets. However, the data release
Japan BSI Large Manufacturing Conditions Index (QoQ) came in at -2.4, below expectations (6.5) in 1Q Source link
Japan’s machine tool orders increased for the fifth straight month in February, though at a slower pace compared to the previous two months, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed on Tuesday. Machine tool orders climbed 3.5 percent year-on-year in February, following a 4.7 percent rise in the previous month.
The average of household spending in Japan was up 0.8 percent on year in January, the Ministry of Internal Affairs and Communications said on Tuesday – coming in at 305,521 yen. That missed forecasts for an increase of 3.7 percent and was down from 2.7 percent in December. On a monthly basis, household spending slumped
Japan Gross Domestic Product Deflator (YoY) above expectations (2.8%) in 4Q: Actual (2.9%) Source link
