Market News

The U.S. dollar took another sharp hit today, sliding to a decade-low against the Swiss franc and a three-year low versus the euro. The drop comes amid intensifying trade tensions, particularly with China. After the U.S. confirmed a 145% tariff on Chinese goods yesterday, Beijing retaliated by raising its own tariffs on U.S. imports to

U.S. inflation cooled in March, signaling a potential easing of price pressures despite ongoing trade policy volatility. Consumer prices rose 2.4% year-over-year, down from 2.8% in February—the slowest pace since September—driven by declines in gasoline, airfare, and hotel costs. Softer inflation data may give the Federal Reserve room to cut interest rates, which could allow

Market Update: Week in Review Monday US: The economy showed mixed signals as a resilient services sector offset renewed weakness in manufacturing. Flash Manufacturing PMI slipped into contraction at 49.8 (vs. 51.9 expected), while Flash Services PMI surged to 54.3 (vs. 51.2), marking its strongest expansion in months. The data underscores ongoing concerns about uneven

The Fed met expectations this afternoon by holding its interest rate at 4.5%, unchanged since December. President Trump’s tariffs, along with retaliatory measures from U.S. trading partners, have weighed on consumer sentiment and have been major contributors to inflationary pressures. The Fed acknowledged rising economic uncertainty, and are seemingly in sit-and-wait mode. In response, officials

The Bank of Canada announced its 7th consecutive rate cut this morning, bringing its overnight rate down to 2.75% from 3.00%. The bank is concerned with the ongoing crisis of President Trump’s tariff threats and the potential damage they would have on the economy. Following Ontario’s Premier Doug Ford’s implementation of 25% tariff on electricity,

Celebrating Women at BendixFX this International Women’s Day 💜🌍📈 At BendixFX, we’re proud to have an incredible team where over 70% of team members are women, driving innovation, excellence, and success in the FX industry. Since 1982, their dedication and expertise have shaped our company’s journey. Today, we celebrate the women of BendixFX and beyond—the

After a rollercoaster week of tariff developments, President Trump announced yesterday another pause on tariffs for Canadian goods, pushing the effective date to April 2nd. This decision followed the brief implementation earlier in the week of a 25% fee on Canadian exports, which was swiftly met with retaliatory measures on tens of billions of dollars

Canada: Retail sales surged 2.5% in December, beating the expected 1.5%. Growth was driven by food & beverage retailers and motor vehicle & parts dealers, though all nine sectors saw gains. Core retail sales rose 2.7% (forecasted 1.7%), giving CAD a boost against major counterparts. However, the key event of the day is BoC Governor

USD is at a two-month low against CAD today, making it a great day for USD buyers to take advantage of the market. This dip follows the latest inflation data, with both CPI and PPI coming in hotter than expected: PPI (Producer Price Index) rose 0.4% MoM, exceeding the 0.3% forecast. CPI (Consumer Price Index)

The threat of an impending trade war eases, at least for 30 days. Following discussions between Trump and Trudeau yesterday, the U.S. president has agreed to delay tariffs for at least 30 days while our countries work on a finalized border security agreement. Several Canadian provinces had prepared for tariff implementation today, having removed American