September hike risk builds – ING

September hike risk builds – ING

ING’s Michiel Tukker expects the European Central Bank (ECB) to keep the deposit rate at 2.25% at the upcoming meeting, with a September hike seen as likely as Oil prices rise and markets already price in around 23bp. Tukker highlights well-anchored long-term inflation expectations near target and notes that markets are positioned for almost three […]

Canadian Dollar gains traction on rising oil prices as US-Iran war escalates

Canadian Dollar gains traction on rising oil prices as US-Iran war escalates

The USD/CAD pair attracts some sellers to near 1.4060 during the early European trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders brace for Canada’s Retail Sales data, which will be released later on Thursday.  Crude oil prices continued to […]

British Pound nudges higher above 1.3350 despite Middle East turmoil

British Pound nudges higher above 1.3350 despite Middle East turmoil

The GBP/USD pair rebounds to near 1.3385 during the Asian trading hours on Thursday. However, the potential upside for the major pair might be limited amid cooler-than-expected UK inflation data and escalating tensions in the Middle East. Traders will take more cues from the UK Retail Sales report, which is due later on Friday.  The […]