The outlook for the Canadian Dollar and the BoC’s rate path in the near term (July meeting) will likely be dictated by the upcoming GDP figures and BoC survey. GDP is seen dipping to 2.5% […]
The Euro was bolstered by the ECB while the Australian Dollar rose with a GDP beat and a pickup in sentiment. If Asian shares follow Wall Street higher, the Yen may fall.
The Euro has found support amid reports that the ECB will discuss QE exit at next week’s meeting, while the AUD has trended higher after the better than expected GDP figures.
Updates to Australia’s GDP report may spark a bullish reaction in AUD/USD as the growth rate is expected to pick up to an annualized 2.7% from 2.4% in 4Q 2017.
The Australian Dollar didn’t get much tailwind from some quite-strong second-tier data on Monday. Investors are waiting for bigger fish.
CAD gains following yesterday’s hawkish BoC hold have been neutralized by today’s soft GDP report. Euro muted after rising inflation, while the US are set to impose tariffs on the EU, Canada and Mexico
Since late 2015, growth in real GDP has consistently exceeded that in real GDI, a prominent alternative measure of aggregate output, with an average difference of about 0.65 percentage point. Is real GDP overstating the […]
US economic data will return to the forefront next week, with the nonfarm payrolls report being the main focal point. The Bank of Canada will be the only major central bank holding a policy meeting, […]
The weakest household spending for three years and falling levels of business investment dragged the economy to the worst quarter for five years, official statisticians have said. The Office for National Statistics confirmed its previous […]
Fed’s Kaplan: Base case is for three rate hikes this year; cautions growth next year to be somewhat weaker; want to see sustained GDP growth to back to back 4 this year; will tolerate some […]