Federal Reserve (Fed) Board of Governors member Adriana Kugler hit newswires with cautionary comments on Friday that whiplash trade policies could do a lot of damage, including pinning inflation at a persistently higher level. Key highlights It is possible that we’ll see more persistent inflation due to policies. I am paying a lot of attention … Read more
The Dow Jones dipped to fresh lows before rebounding after NFP data print. The US added less jobs than expected in February while unemployment ticked higher. Previous wages, unemployment, and NFP net job gains were all revised lower. The Dow Jones Industrial Average (DJIA) struggled on Friday, falling to a fresh seven-week low below 42,200 … Read more
Federal Reserve Governor Michelle Bowman, regarded as one of the bank’s most hawkish policymakers, indicated that she might place greater emphasis on labour market indicators when considering future policy decisions. Key Quotes Labor market, economic activity will become a larger factor in US central bank policy discussions going forward. Shocks, structural changes since Covid-19 pandemic … Read more
USD/CAD climbs to near 1.4380 after the release of the US/Canada employment data for February. The Canadian Dollar weakens as the economy barely added fresh workers in February. US NFP data misses estimates by a slight margin. The USD/CAD pair gains sharply to near 1.4380 in Friday’s North American session. The Loonie pair attracts significant bids … Read more
USD/CAD wobbles around 1.4300 ahead of the US/Canada labor market data for February. US President Trump has announced tariff relaxation on a number of imports from Canada and Mexico. The US Dollar Index posts a fresh four-month low near 103.60. The USD/CAD pair trades in a tight range around 1.4300 in European trading hours on … Read more
Room for US Dollar (USD) to retest the 147.30 low vs Japanese Yen (USD); the next support at 147.00 is unlikely to come under threat. In the longer run, increase in downward momentum suggests USD could weaken to 147.00, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. USD can weaken to 147.00 … Read more