Logo-color Logo-white

The head of the Bank of Canada, Tiff Macklem, stated yesterday that monetary policy needs more time to ease price pressures. He noted that the main problem in suppressing inflation is housing costs. “Housing affordability is a significant problem in Canada—but not one that can be fixed by raising or lowering interest rates,” said Tiff […]

The post CAD Strengthened After Statements from Head of Bank of Canada appeared first on Action Forex.

previous

Bitcoin Price Eyes Fresh Rally Unless This Support Gives Way

next

Ethereum Nears Recent Turning Point

Read More

30/11/2023

Sunset Market Commentary

Markets: At the start of trading this morning, core (US) bonds showed tentative signs of taking a breather after their recent rally. However, French data again perfectly fit the recent bond friendly market momentum. French Q3 GDP growth was downwardly revised from +0.1% to -0.1%. October consumer spending fell off a cliff (-0.9% M/M) and, […]
14/09/2024

The Weekly Bottom Line: Here Comes the Cut

U.S. Highlights Markets have been weighing the prospect that the Federal Reserve will opt for a 0.5 percentage point cut in the federal funds rate next week. Core consumer price index inflation surprised to the upside, lifted by a strong print from owners’ equivalent rent. The breadth of inflation continues to gradually narrow, but a […]
18/04/2024

US, Japan Express Concern Over Japanese Yen

The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%. It’s a light data calendar today. US unemployment claims were unchanged at 212,000 and the Philly Fed Manufacturing index surged to 15.5 in April, up from 3.5 in March and crushing the market estimate of […]