Commoney Wise
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
  • Login
  • Register

  Breaking
Stricter Measures Implemented to Restrict Foreign Tourists from Using Cryptocurrency as Payment May 29, 2023
Watchdog fines just four companies despite 300,000 sewage spills May 29, 2023
Arby’s employee found dead in freezer had ‘beat her hands bloody’ trying to escape, lawsuit says May 29, 2023
GBP/USD gains ground on US Dollar weakness May 29, 2023
Investors react to tentative US debt ceiling deal May 29, 2023
Next
Prev

en English
en Englishes Españolde Deutschfr Françaisit Italianopt Portuguêsru Русскийzh-CN 简体中文hi हिन्दीja 日本語
Casino
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
No Result
View All Result
Commoney Wise
Casino
  • News
  • Politics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
  • Crypto
  • Tech
  • Videos
Home Markets Forex

USD/CAD grinds higher above 1.3650 ahead of BoC Macklem speech, US CPI data

Staff by Staff
December 12, 2022
in Forex
0 0
A A
0
  • Inflation expectations in the US dipped, as reported by the NY Fed.
  • USD/CAD traders are eyeing a speech of Bank of Canada Governor Tiff Macklem.
  • Consumer Price Index in the United States is forecasted to fall, which would weigh on the US Dollar.

The USD/CAD remains positive during the day amidst a risk-on impulse, ahead of Tiff Macklem’s speech around 20:40 GMT, ahead of a crucial inflation report in the United States (US), as the Federal Reserve (Fed) last monetary policy meeting of 2022 looms. Also, inflation expectations revealed by the New York Fed cooled, which could be a prelude to Tuesday’s report. At the time of writing, the USD/CAD is trading at 1.3657.

Inflation expectations cooled, according to the New York Fed

Wall Street is set to finish Monday’s session positively. The latest data released by the New York Federal Reserve showed that household inflation expectations are expected to dip to 5.2% over the following 12 months, down from November’s 5.7%, according to the Survey of Consumer Expectations published Monday.

In the meantime, the release of the US Consumer Price Index (CPI) could be a significant indicator for determining the trajectory of USD/CAD. With forecasts predicting a decrease from 7.7% to 7.3% and core CPI anticipated to decline from 6.3% to 6%, both readings on an annual pace, if results allude towards diminishing inflation conditions, it may lead to the USD losing more strength in comparison with its counterpart, the Canadian Dollar (CAD).

In the meantime, the US Dollar Index, which tracks the greenback’s performance against a basket of peers, is rising 0.25% at 105.198, underpinned by high US Treasury bond yields.

Aside from this, on the Canadian side, the Bank of Canada (BoC) lifted rates by 50 basis points to 4.25% at its last monetary policy meeting. As reported by Reuters, money market futures expect the BoC to hike by a lesser size of 25 bps on January 25. At around 20:40 GMT, we will hear from BoC Governor Macklem, who hosts a fireside chat on the economic outlook, which we look for a similar tone to last week’s Economic Progress Report.

USD/CAD Key Technical Levels

Read the full article here

ShareTweetSharePinShareSendShare
https://www.madmoneycasino.com/?faff=667&sub=DemCasino

Related Articles

Forex

GBP/USD gains ground on US Dollar weakness

May 29, 2023
Forex

USD/MXN stumbles on risk-on impulse, MXN bolstered by strong GDP

May 29, 2023
Forex

USD/CAD trades with losses amid US Dollar weakness

May 29, 2023
Forex

Oil price trades in familiar range after US debt-ceiling deal

May 29, 2023
Forex

USD/TRY: The risk of an acute Lira crisis looms – Dankse Bank

May 29, 2023
Forex

GBP/USD reverses part of the recent weakness and revisits 1.2370

May 29, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Commoney Wise

Commoney Wise is your one stop news website for the latest finance, business and crypto news, follow us to get the news that matters to your minute by minute.

Our Other Brands Kronosslott, Commoneywise, Demcasino.de, SportsExtremes.tv, Slotgamesusawwr, Coin Desk Times, Kingsofgolf.be

Topics

Business Commodities Crypto Economy Finance Forex Futures Investing Markets News Politics Stocks Tech Videos

Get Informed

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact

© 2022 Commoney Wise. All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos

© 2022 Commoney Wise. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.