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After surprising inflation data out of Canada on Friday morning, the Canadian Dollar roared back against USD erasing Dollar gains from earlier in the week. CPI Inflation accelerated growth YoY by 0.5% (3.0% vs 2.5%), which is the highest levels we’ve seen since September 2011. Despite traders appearing to be bullish on CAD, current pricing

After a quiet week on the sidelines, the Canadian Dollar made news this morning with a better than expected CPI release beating expectations by 0.5%. CAD clawed back 70pts this morning against the dollar following the positive news. With no major US data today, the Dollar is quiet leaving it susceptible to CAD strength. The

The Dollar Index continues to climb, breaking above highs that we saw in July 2017. Signs that the US economy remains robust ahead of what is expected to be another interest rate hike next month have helped the Dollar dominate against other currencies over the course of the last few weeks. After the freefall that

This week we have a number of central banks delivering their respective interest rate decisions, while today is relatively quiet as we warm up for the parade of releases to come. With Bank of Japan on Tuesday, Fed on Wednesday and BoE on Thursday, the only expected hike is from Carney at the Bank of

President Trump spoke in Illinois yesterday and predicted that this morning’s GDP numbers were going to be terrific and show that the US economy is in good shape. Economists agree with the President, as expectations show 4.2% growth in annualized GDP – the strongest number shown in four years. Leading up to the GDP release

After meeting with European Commissioner Juncker yesterday, Trump has backed off on threats to impose tariffs on the European auto industry. In return, Juncker agreed that Europe would import more soybeans from the US. The Dollar Index was trading near multi-week lows, and the agreement with the EU has helped curb further drops. The Canadian

The Dollar Index is down this morning ahead of the meeting between the US and EU in Washington later today as trade tensions continue to heighten. Trump will be hosting the President of the European Commission, Jean-Claude Juncker as the EU attempts to defuse the escalating trade concerns over tariffs between the US and Europe.

The Dollar is mixed today as expectations are that the Fed will continue on its current plans of a gradual hike flight path despite Trump’s criticism about how it is impacted his progress on the economy. With limited primary data and focus on the Mueller investigation, USD trading has been relatively quiet. US House Price

The Dollar remains lower this morning as recovery from Trump’s targeted Tweet on the Federal Reserve’s independence has not materialized. Trump claimed that tighter monetary policy was penalizing the US by contributing to a stronger dollar. Over the weekend, a few other ripples emerged as Trump called out China and the EU for currency manipulation

The Dollar Index fell this morning as Trump took aim at the Fed and its approach to monetary policy. Trump said in an interview yesterday that he does not approve of the aggressive rate hikes coming from the Fed, referencing the work that he’s put into the economy only to see interest rates continue to