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Canadian Dollar follows broader market flows as investors grapple with US PCE inflation
Canadian Dollar gets pushed around as investors focus elsewhere. Canada absent from economic calendar until next week. US PCE inflation remains higher than expected, weighing on rate cut hopes. The Canadian Dollar (CAD) is taking a back seat to broader market flows on Friday as investor focus remain
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US national account figures spook markets, Bank of Japan stays put
In focus today In the US, today's main data focus will be on the March PCE. Consensus expects both headline and core PCE inflation to remain steady at 0.3% m/m after mixed signals from March CPI and PPI reports. After yesterday's GDP release, we got the quarterly PCE print as well, showing increased
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AUD/JPY gains on growing expectations for a more hawkish RBA
AUD/JPY continues its winning streak after the stronger Australian CPI was released on Wednesday. Australia’s 10-year government bond yield has surged to 4.49% near five-month highs on waning expectations of the RBA rate cuts. The Japanese Yen continues to depreciate as the BoJ is expected to abstai
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USD/CAD trades on a softer note below 1.3700 ahead of US PMI data
USD/CAD trades in negative territory for the fifth consecutive day around 1.3695 on Tuesday. The high-for-longer US rate narrative might boost the USD and cap the pair’s downside. Canadian Industrial Produce Prices dropped by 0.8% MoM in March compared to a rise of 1.1% prior, in line with the conse
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Pull-up Update