TORONTO, May 17 (Reuters) – The Canadian dollar weakened to its lowest level against the U.S. dollar more than two months after Canadian inflation came in well below forecast, at a year-on-year rate…
Posts Tagged ‘inflation’
The Dow Jones-FXCM U.S. Dollar index is struggling to hold its ground as the developments coming out of the U.S.
* Forecast for overall inflation was 0.6 percent, core 1.2 pct
EUROPEAN SESSION UPDATE: BoE’s Weale seems to maintain an anti-dovish view in comments about inflation and growth; USD rally continues…
Canada’s annual inflation rate fell in April to its slowest in more than three years, taking it below the central bank’s target band and adding to evidence of growing slack in the world’s 11th largest economy. The consumer price index rose 0.4 percent in April from a year ago compared with a 1 percent gain the prior month, Statistics Canada said today from Ottawa.
Current US Inflation Rate: 1.5% Next Release: May 16th, 2012 (12:30 GMT) Economists Expect: US Inflation to Drop to 1.3% Current and Historical Releases: Bureau of Labor Statistics Upcoming Release Commentary Inflation is one of the two indicators that the federal reserve and therefore the markets pay the most attention two. One of the Fed’s mandates is to maintain stable prices and the Consumer Price Index which measures changes in prices in the US is therefore paid close attention too
The US dollar has edged higher on Friday against its Canadian counterpart, as the pair briefly dipped above the 1.03 level early in the North American session.
RYTRO, Poland, May 18 (Reuters) – There is little chance that consumer inflation in Poland will quickly return to the central bank’s 2.5 percent target, a Monetary Policy Council member said on Saturday, leaving scope for further monetary easing.
Beijing April new home prices +10.3% y/y (vs. March +8.6%) Shanghai April new home prices +8.5% y/y (vs
The U.S. dollar moved higher against all of its major rivals today, after strong U.S.
Current Canada CPI: .4% (vs. .6% expected) Next Release: Mid June (Released monthly for the previous month) Economists Expect: N/A Current and Historical Releases: Statistics Canada May 17th Canadian CPI Release Commentary The Canadian Dollar weakened substantially after lower than expected consumer price data showing that inflationary pressures are well under control and giving the central bank room for further easing if needed.
Current UK Inflation Rate: 2.8% Next Release: May 20th (Released Monthly) Economists Expect: 2.7% Current and Historical Releases: Office for National Statistics Upcoming Release Commentary UK inflation is running at a higher rate than most developed nations.
* C$ ends at C$1.0291 vs US$, or 97.17 U.S.
The currency that the new governor of the Bank of England is leaving behind, managed to quietly slip to a 10-week low on Friday. It was not even in sympathy to its sister currency’s plight ‘down-under.’ Friday’s reasons had more to do with its domestic CPI print proving that inflation can still surprise on the downside.
Beware Mexico and the Falling Wedge Investors have been in love with Mexico in 2013. The nation has managed to shift the focus from its drug-riddled violence to its new government and an aggressive reform agenda. There are a number of factors acting as a tail wind for the MXN appreciation. Growth. Mexico in 4Q2012 great at 3.2% y/y compared to the US 0.4% – the better growth made many argue that Mexico is a turbo-charged beta to the US economy.