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: 2025.01.31
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USD/CAD: Canada's November GDP is the domestic focus - BBH
World FX news
Breaking news
USD/CAD: Canada's November GDP is the domestic focus - BBH
New
2025.01.31 19:48
2025.01.31 19:48
2025.01.31 19:48
USD/CAD pulled back to 1.4450 after a kneejerk uptick near 1.4600 yesterday.
Risk of all-out trade war can trigger a USD/CAD overshoot
"Canada's November GDP is the domestic focus (1:30pm London). Statistics Canada advance information indicates that real GDP decreased -0.1% m/m after rising 0.3% in October. The December real GDP estimate will be published at the same time."
"The Bank of Canada (BOC) warned that a long-lasting and broad-based trade conflict would badly hurt economic activity in Canada and put direct upward pressure on inflation. This complicates the BOC's job as monetary policy cannot lean against weaker output and higher inflation at the same time."
"The risk of all-out trade war between Canada and the US can trigger a more pronounced USD/CAD overshoot".
Last updated
: 2025.01.31
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Breaking: US core PCE inflation holds steady at 2.8% in December as expected
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New
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2025.01.31 22:16CAD slips, but steadies on tariff news - Scotiabank
The Canadian Dollar (CAD) slid briefly in response to yesterday's tariff headlines, making a new cycle low against the USD near 1.46 before recovering slightly.
New
2025.01.31 22:13USD gains on Trump tariff threat - Scotiabank
Markets remain quite subdued despite President Trump indicating late yesterday that 25% tariffs on Canada and Mexico will be announced this weekend, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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2025.01.31 22:10Germany annual CPI inflation softens to 2.3% in January vs. 2.6% expected
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), softened to 2.3% on a yearly basis in January from 2.6% in December, Destatis' flash estimate showed on Friday.
New
2025.01.31 22:04US Dollar adds to gains with tariff talk and PCE as main drivers
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2025.01.31 20:09Disclaimer:
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