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: 2025.09.26
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Canada: GDP expanded by 0.2% MoM in July
Breaking news
Canada: GDP expanded by 0.2% MoM in July
New
2025.09.26 21:46
2025.09.26 21:46
2025.09.26 21:46
Statistics Canada noted that the Canadian economy expanded by 0.2% in July, coming in above initial estimates of a 0.1% gain and reversing the previous 0.1% monthly contraction.
According to the release: "Goods-producing industries rebounded with a 0.6% increase in July, following three consecutive months of contraction, as all sectors in this grouping expanded. Services-producing industries edged up 0.1% in July, with increases in wholesale trade and real estate and rental and leasing tempered by a decline in retail trade. Overall, 11 of 20 industrial sectors expanded in July".
Market reaction
The Canadian Dollar (CAD) alternates gains with losses vs. its American counterpart on Friday, prompting USD/CAD to hover around the 1.3950 zone following the data release.
GDP FAQs
A country's Gross Domestic Product (GDP) measures the rate of growth of its economy over a given period of time, usually a quarter. The most reliable figures are those that compare GDP to the previous quarter e.g Q2 of 2023 vs Q1 of 2023, or to the same period in the previous year, e.g Q2 of 2023 vs Q2 of 2022. Annualized quarterly GDP figures extrapolate the growth rate of the quarter as if it were constant for the rest of the year. These can be misleading, however, if temporary shocks impact growth in one quarter but are unlikely to last all year - such as happened in the first quarter of 2020 at the outbreak of the covid pandemic, when growth plummeted.
A higher GDP result is generally positive for a nation's currency as it reflects a growing economy, which is more likely to produce goods and services that can be exported, as well as attracting higher foreign investment. By the same token, when GDP falls it is usually negative for the currency. When an economy grows people tend to spend more, which leads to inflation. The country's central bank then has to put up interest rates to combat the inflation with the side effect of attracting more capital inflows from global investors, thus helping the local currency appreciate.
When an economy grows and GDP is rising, people tend to spend more which leads to inflation. The country's central bank then has to put up interest rates to combat the inflation. Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold versus placing the money in a cash deposit account. Therefore, a higher GDP growth rate is usually a bearish factor for Gold price.
Last updated
: 2025.09.26
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USD/JPY: Any advance is likely part of a higher range of 149.20/150.15 - UOB Group
Further US Dollar (USD) strength is not ruled out, but any advance is likely part of a higher range of 149.20/150.15. In the longer run, USD could rise further to 150.15, with lesser odds of reaching 150.90, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.09.26 23:23NZD/USD: Small chance of breaking below the next support at 0.5730 - UOB Group
New Zealand Dollar (NZD) could decline further, but it remains to be seen if it can break below the next support at 0.5730. In the longer run, the outlook for NZD remains negative; the next level to watch is 0.5730, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.09.26 23:16GBP/USD edges higher as US Dollar eases after PCE and UoM sentiment data
The British Pound (GBP) gains traction against the US Dollar (USD) on Friday, with GBP/USD snapping a two-day losing streak. At the time of writing, the pair is hovering near 1.3393, staging a modest recovery after dropping to its weakest level in about seven weeks on Thursday.
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2025.09.26 23:10Australia FX Today: Aussie awaits decisive RBA rate decision
The Australian Dollar (AUD) is consolidating against the US Dollar (USD) on Friday, with the AUD/USD pair stabilizing around 0.6530 after its recent fall.
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2025.09.26 22:55EUR/USD edges higher as traders digest in-line US PCE inflation data
The Euro (EUR) edges modestly higher against the US Dollar (USD) on Friday, extending its intraday advance as investors weigh the latest US Personal Consumption Expenditures (PCE) inflation report, which came mostly in line with forecasts and offered little fresh impetus.
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2025.09.26 22:21Fed's Barkin: Focus is now on balancing the Fed's goals
Richmond Federal Reserve President Thomas Barkin said on Friday that he saw limited risks of a sharp increase in either unemployment or inflation, which he argued would allow the Fed to balance its dual mandate as it considers further interest rate cuts.
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2025.09.26 22:15Canada: GDP expanded by 0.2% MoM in July
Statistics Canada noted that the Canadian economy expanded by 0.2% in July, coming in above initial estimates of a 0.1% gain and reversing the previous 0.1% monthly contraction.
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2025.09.26 21:45EUR/CHF Price Forecast: consolidates near 0.9330, downside bias intact below key resistance
EUR/CHF is trading sideways on Friday, hovering near 0.9332 after a choppy week marked by the Swiss National Bank's (SNB) monetary policy announcement.
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2025.09.26 21:29Silver rises more sharply than Gold - Commerzbank
The price of Gold may have recently reached a new record high, but the price of Silver has actually performed even more impressively, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
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2025.09.26 21:17Disclaimer:
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