If war creates high inflation, weak labor market, could call for holding rates steadyThe longer Middle East war remains unresolved, inflation and job risks increaseHigh inflation, weak job market would be challenging f...
cadusd.ca
The latest in Canadian / US dollar exchange forecasting, news and currency conversion
$1 
USD
=
$0.7303
CAD
$1 = $1.3693
Outlook: Bearish ↘
Global economic commentary remains focused on persistent inflation risks and geopolitical instability, as evidenced by discussions from the Fed regarding conflict fallout. On the Canadian front, the latest housing starts data signaled a continued loss of momentum in the domestic construction sector. While general central bank interest rate expectations were reviewed, the mix of cooling domestic Canadian data against a backdrop of elevated global inflation uncertainty weighs bearishly on the CAD.
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Latest News
Fed's Waller: Job market break even rate now likely around zero
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BoE’s Pill challenges "wait-and-see" status quo, urges proactive inflation defense
It is vital to be careful about over-responding to high-frequency data, which contrasts with the perspective of financial marketsI am of the opinion that inflation expectations have not lost their anchorThe outlook for...
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Canada March housing starts 235.9K vs 255.0K expected
Prior was 250.9KSingle-detached homes- 4% m/mMultiple starts -3% m/mSeasonally adjusted starts -3%“March housing starts data point to a continued loss of momentum in housing construction, broadly in line with CMHC�...
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How have interest rate expectations changed after this week's events?
Rate cuts by year-endFed: 10 bps (99% probability of no change at the next meeting)Rate hikes by year-endRBNZ: 75 bps (69% probability of no change at the next meeting)ECB: 54 bps (79% probability of no change at the n...
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