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Bank of Canada rate hold: USD/CAD slides, what’s next?
Bank of Canada holds interest rates steady at 2.75% amid US tariff uncertainty. BoC outlines potential scenarios: limited tariffs vs. full trade war with varying economic impacts. Market anticipates possible rate cuts from BoC in upcoming meetings. Most Read: UK Inflation Update March 2025: GBP/USD market analysis & BoE rate cut predictions USD/CAD dropped closer…
Australian dollar ends skid, retail sales and RBA minutes next – MarketPulse
The Australian dollar has posted strong gains to start the week. AUD/USD is trading at 0.6203 in the North American session, up 0.71% on the day. The Aussie has ended a nasty six-day losing streak, during which it declined 3% against the US dollar. Will Australian retail sales rebound? Australia releases retail sales on Tuesday,…
European indices see light gains at the open today | investingLive
Eurostoxx +0.1% Germany DAX flat France CAC 40 +0.2% UK FTSE +0.2% Spain IBEX +0.3% Italy FTSE MIB +0.4% Overall, the market mood remains more tentative at best with US futures also continuing to keep flattish on the day. There’s no major catalysts to work with, leaving investors having to fend for themselves on the…
Week Ahead – US Inflation Data Eyed Amid Iran Peace Hopes – ActionForex
Middle East headlines continue to dominate as hopes of deal grow. US CPI and retail sales data to fight for attention as Warsh takes office. UK Q1 GDP and BoJ meeting summary also on the agenda. Markets Cheer Trump’s Peace Push Despite Threats The late April surge in oil prices wasn’t met with the same…
Korean and South African Interest Rate Cuts to 2.5% and 7.25% – Currency Thoughts
Korean and South African Interest Rate Cuts to 2.5% and 7.25% May 29, 2025 Central bank interest rates were sliced today by 25 basis points in both South Korea and South Africa. South Korea‘s new Base Rate becomes 2.50%, its lowest level since October 2022. A peak of 3.5% had been maintained from January 2023…
