- Canadian Wholesale Sales contracted again in June, falling by -0.6% MoM compared to the previous -1.2% decline.
- Despite the low-impact nature of the data, CAD still found a way to ease back against the softening US Dollar.
- US Retail Sales surged to 1.0% in July, the indicator’s highest print since February of 2023.
- The jump in US Retail Sales, a firm indication of good economic health, prompted a broad recovery in risk appetite, sending the Greenback lower.
- Not all is rosy: markets are shrugging off a -0.6% contraction in US Industrial Production in July, the indicator’s worst print since November of 2023.
- Rate markets have pared back bets of a 50 bps double cut from the Fed in September to less than 25%, but they still see 76% odds of at least a quarter-point rate trim.
- Friday’s University of Michigan Consumer Sentiment Index will give one last data point for investors trying to nail down rate cut bets. The index of survey responses is expected to tick higher to 66.9 from 66.4.
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。
古いコメントはありません。ソファをつかむ最初のものになりましょう。