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Canadian Highlights Canada continues to digest the implications of last week’s U.S. election result, as interest and exchange rates adjust to expectations for policy changes south of the border. Existing home sales came in strong for a second consecutive month, a sign that interest rate cuts are starting to support the housing market. Next week, […]

The post The Weekly Bottom Line: Inflation Progress Stalls, Fed in No Hurry to Cut Rates appeared first on Action Forex.

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06/12/2023

Australian Dollar Rebounds Despite Soft GDP

Australian GDP falls to 0.2% AUD/USD rebounds after two-day losing streak The Australian dollar has bounced back on Wednesday and snapped a two-day losing streak. In the European session, AUD/USD is trading at 0.6574, up 0.34%. Australian GDP eases to 0.2% Australia’s GDP rose 0.2% q/q in the third quarter, below the consensus estimate of […]
22/03/2024

Cliff Notes: Four Sets of Circumstances, One Intent

Key insights from the week that was. In Australia, the RBA Board once again decided to leave the cash rate unchanged at 4.35% after reflecting on recent data. The new information included the Q4 National Accounts, which confirmed the economic slowdown broadened into year-end, and the Q4 Wage Price Index, which revealed an underlying slowdown […]
15/12/2023

Euro Dips on Soft Services PMI

Eurozone, German Service PMI ease in December Euro snaps four-day rally The euro has snapped a four-day winning streak on Friday. In the European session, EUR/USD is trading at 1.0949, down 0.38%. The euro has enjoyed a strong week, with gains of 1.77%. Soft Eurozone, German services PMIs weigh on euro Eurozone Services PMI eased […]