USD/CAD failed to capitalize on its intraday gains ahead of Canada’s interest rate decision scheduled to be released on Wednesday.
Blogs
BoC Preview: Any upside for the CAD to be only modest – MUFG
The Bank of Canada (BoC) will hold its first policy meeting of 2024 today.
Mexico 1st half-month Core Inflation meets forecasts (0.25%) in January
Mexico 1st half-month Core Inflation meets forecasts (0.25%) in January
Mexico 1st half-month Inflation came in at 0.49%, above expectations (0.38%) in January
Mexico 1st half-month Inflation came in at 0.49%, above expectations (0.38%) in January
United States MBA Mortgage Applications declined to 3.7% in January 19 from previous 10.4%
United States MBA Mortgage Applications declined to 3.7% in January 19 from previous 10.4%
USD/JPY plunges to near 147.50 on speculation of Fed rate cuts in March, US PMI data eyed
The USD/JPY pair experiences a downward trend as market confidence is restored, driven by expectations that the Federal Reserve will start implementing interest rate cuts in March.
USD/JPY: The US economy and the Fed will determine if the downside gains traction – SocGen
USD/JPY is pegged back below 148.00 on higher JGB yields. Economists at Société Générale analyze the pair’s outlook.
Bundesbank: China economic crisis would cut German GDP growth by 0.7%
An economic crisis in China would cut the German Gross Domestic Product (GDP) growth by 0.7% in the first year and by almost 1% in the second year, Germany's Bundesbank said in its monthly report on Wednesday, per Reuters.
USD/CAD to find good demand below the 1.3400 mark – ING
The Bank of Canada (BoC) announces monetary policy today. Economists at ING analyze USD/CAD outlook ahead of the decision.
USD/JPY to come back under pressure on more confidence that the Fed could begin to cut rates in March – MUFG
USD/JPY rose to a high on Tuesday at 148.70 after hitting a low of 146.99 in the initial aftermath of the BoJ policy update.