Daily digest market movers: CAD extends recovery with US Dollar on defensive

avatar
· Views 121


  • The Canadian Dollar keeps trading higher on Tuesday, while the US Dollar loses ground.US Durable Goods orders increased at a 1.4% pace, beating expectations of a 1% increment.
     
  • Non-defense capital goods orders, a gauge for future business spending, increased 0.7% after a 0.4% decline in January.
     
  • The CB Consumer Confidence Index has dropped to 104.7 from 106.7 in February, against market expectations of an improvement to 107.00.
     
  • Futures markets keep betting on a nearly 65% chance that the Federal Reserve will start cutting rates in June, which is keeping the USD on its back foot.
     
  • The highlight of the week will be the US PCE Prices Index, the Fed’s inflation gauge of choice, which is expected to have accelerated at a 2.5% yearly pace in February, from 2.4% in the previous month.
     
  • The Core PCE Prices Index is expected to have risen at a 2.8% yearly pace and 0.4% on the monthly rate in February, from 2.8% and 0.3%, respectively, in January.



免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

  • tradingContest