Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
USD/CAD jumps above 1.36 after Canadian inflation falls back
The latest US retail sales data was not the only economic release hitting the screens at 12.30pm GMT. The latest Canadian inflation report has been released and it has shown inflation falling back to target on on annualised basis. Year on Year CPI has now fallen to a run rate at 2%. The monthly reading also fell, by 0.2% where the markets had anticipated a zero reading and both these data sets have sent the USD/CAD spiking higher. The USD/CAD was trading around 1.3585 just ahead of the data. It has now lifted to high is far at 1.3617. That is close to a previous high point set on September 11, at 1.3623. Canadian money market swaps are now pricing an increased chance of another rate cut from the BOC next month. The USD/CAD is currrently trading at 1.3610
Market News
All News-
DAX sets new record above 19,500 at the second time of asking
Since a much earlier update here noted the DAX just failing to set a new all time high above 19,491, the index fell back to below 19,400. However...
-
S+P 500 rises to new record above 5,850
The gains in the Nasdaq 100 right from the opening has now seen that index push towards 20,500 and that in turn has helped to lift the S+P 500 to a...
-
US stock markets reopen with early rotation out of the Dow Jones and into the Nasdaq 100
The US stock markets have just reopened and the immediate moves have seen the Dow Jones drop a little further into the red whilst the Nasdaq 100 moves...
