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Forex
BoC Meeting Minutes show Canadian policymakers are awaiting signs of tariff inflation
The Bank of Canada released its latest Meeting Minutes on Wednesday. According to the BoC's internal discussions, impending trade tariffs from the United…
Forex Today: Further US inflation gauges should rule the sentiment
The US Dollar succumbed to the late selling pressure and faded the post-CPI move to weekly highs, while investors kept digesting Powell’s testimonies and…
Canadian Dollar recovery grinds away, Loonie finds fresh eight-week high
The Canadian Dollar eked out a new eight-week peak on Wednesday.
Economic data out of Canada remains thin, Greenback market flows dominate.
Investors are…
EUR/USD reverses early declines, climbs back over 1.04
EUR/USD gains nearly 50 pips on Wednesday, up around half of a percent.
Early losses came from a fresh inflation shock after January's US CPI print came in…
Dow Jones Industrial Average tumbles as US inflation kicks higher
The Dow Jones shed over 400 points on Wednesday at its lowest.
Fed Chair Powell made his second appearance in two days.
Rate markets have pushed bets of…
USD/CAD jumps as hot US CPI boosts Fed ‘higher for longer’ interest rates bets
USD/CAD gains sharply to near 1.4340 after the release of the hotter-than-expected US CPI data for January.
The US core CPI surprisingly accelerated to 3.3%…
GBP/USD drops below 1.2400 after US CPI data
GBP/USD hits a daily low of 1.2374 as US inflation jumps above 3%.
The US Dollar strengthens as investors expect Fed's first rate cut until September 2025.…
AUD/USD flirts with weekly lows near 0.6230 post US CPI
AUD/USD loses momentum and drops to nearly 0.6230.
The Greenback remains well bid on firmer US CPI.
US inflation figures came in above estimates in…
Gold sees weekly gains evaporate on Fed-infused decline
Gold faces a hangover on Wednesday after a wild ride the previous day.
Traders are having difficulties reading Fed Chairman Powell’s speech, with a second…
US Dollar steadies ahead of US CPI, Powell’s second day at Capitol Hill
The US Dollar trades fairly flat ahead of the US CPI release on Wednesday.
All eyes are back on Fed Chairman Jerome Powell, heading into his second day at…