Stay updated with breaking news from Weekly Changes. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
US PMI continued the trend today and missed estimates showing signs that the rate hike cycle is being felt. Canadian retail sales provided mixed signals with USDCAD eyeing Jackson Hole for its next move. Retracement incoming or consolidation ahead?
The British Pound is holding its own against a resurgent US dollar and is pushing ahead against the Euro. Higher UK bond yields underpin the move.
Indices have seen further selling, with no end to the pullback yet in sight.
UK unemployment rises to levels last seen in late 2021. Average earnings touted as key by the BOE smashed estimates and is likely to add pressure on the Central Bank to keep its foot on the rate hike pedal.
The Bank of Canada may have to rethink their path regarding rate hikes following a hotter than expected inflation print. USD/CAD Upside Rally Stalls at the 1.3500 handle.