Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Canadian October CPI beats estimates- USD/CAD falls abruptly below 1.40
The important Canadian October CPI report has just been released. As noted here earlier, the markets were expecting consumer prices to bounce back last month, rising by around 0.3%, compared to a prior monthly fall of 0.4%. The annualised rate was forecast to increase to 1.9%, from 1.6%. It has beaten both estimates by 0.1%- rising by 0.4% on the month and by 2% annualised. Prior to this release the USD/CAD had traded down to a low at 1.4004 earlier today. It was hovering around 1.4025 leading into the data. The reaction to this CPI report has seen it push immediately below 1.40. The reader is also reminded the next BOC policy meeting will take place on December 11 and this data might have an impact on decision making then. The USD/CAD is currently trading at 1.3977
Market News
All News-
EUR/USD takes out 1.0800 again
The push above 150 in the USD/JPY this afternoon has now extended and that has seen the dollar rise to around 150.25. At the same time this has added... -
S+P 500 tests correction level at 5,750 following US data
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
-
USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
