Canadian Dollar Climbs After In-line U.S. Inflation Data
29 Febbraio 2024 - 1:39PM
RTTF2
The Canadian dollar advanced against its major counterparts in
the New York session on Thursday, as U.S. stocks rose after a key
inflation reading came in line with expectations in January.
Data from the Commerce Department showed that the Federal
Reserve's preferred measure of inflation, the personal consumption
expenditures price index, increased 0.3 percent on a monthly basis.
The reading matched estimates.
Core PCE inflation rose 0.4 percent in January, as expected.
Soft inflation data improved risk appetite and underscored
possibility of a rate cut in June.
The Nasdaq rose 0.5 percent, the S&P 500 moved 0.3 percent
higher and the Dow edged up 0.1 percent.
The loonie was higher against the aussie, at 0.8822. If the
currency rises further, it is likely to test resistance around the
0.865 region.
The loonie reached as high as 1.3541 against the greenback. The
loonie is poised to challenge resistance around the 1.34 level.
The loonie rebounded to 110.47 against the yen, from an early
3-week low of 110.13. The currency is seen finding resistance
around the 113.00 level.
The loonie rose to a 2-day high of 1.4659 against the euro, off
an early 2-1/2-month low of 1.4747. The loonie may find resistance
around the 1.44 level.
Grafico Cross Euro vs CAD (FX:EURCAD)
Da Apr 2024 a Mag 2024
Grafico Cross Euro vs CAD (FX:EURCAD)
Da Mag 2023 a Mag 2024