Canadian Dollar falls despite increased Oil prices

Canadian Dollar falls despite increased Oil prices

The USD/CAD pair elevated near the 1.3760 level on Friday and remains supported by persistent inflation concerns and rising US Treasury yields following this week’s hotter-than-expected US inflation data. The latest US Consumer Price Index (CPI) report showed headline inflation accelerating to 3.8% YoY in April, while Producer Price Index (PPI) data released later in […]

Euro falls as hawkish Fed expectations boost the US Dollar, Treasury yields

Euro falls as hawkish Fed expectations boost the US Dollar, Treasury yields

The Euro (EUR) extends losses against the US Dollar (USD) on Friday, with EUR/USD slipping to near one-month lows as hawkish Federal Reserve (Fed) expectations boost the Greenback and US Treasury yields. At the time of writing, the pair is trading around 1.1626 and is poised to close the week in negative territory. Higher energy […]

Growth downgrades and softer outlook – Societe Generale

Growth downgrades and softer outlook – Societe Generale

Societe Generale economists highlights that Eurozone 2026 GDP forecasts have been cut more than United States (US) projections in percentage terms, reinforcing United States (US) outperformance. While the European Central Bank (ECB) appears set on at least one rate hike, he suggests global central banks may rein in tightening as growth slows, with the bank’s […]