Confirmation of Post-Holiday Movement in US Markets: Is the Trend Dollar Strength and Yen Weakness?
The dollar-yen rose to the 150.30 yen level. However, there were no significant factors observed, with US bond yields not showing much activity. Asian stocks, including Japan’s, were slightly weak. In overseas markets, attention is on the movements of US and Canadian markets, which were closed yesterday. With a firming trend in cross-yen pairs, the […]
Waiting Continues, Impact of Crude Oil Highs – USD/JPY Firmly at 147 Yen
As we approach the release of the results of tomorrow’s FOMC meeting, the early part of the week is likely to continue with a wait-and-see stance. USD/JPY has risen into the 147 yen range, and trading is consolidating in this range amid mixed buying and selling. One notable development is the rise in crude oil […]
Canada’s August Unemployment Rate Matches Expectations, Strong Job Growth Lifts the Canadian Dollar
Canada’s unemployment rate for August remained at 5.5%, matching expectations and defying predictions of a rise from July. Job growth for the month was impressive, with an increase of 39,900 employed individuals, a significant improvement from July’s decrease of 6,400. This better-than-expected job growth indicates an improvement in Canada’s labor market. The positive employment-related data […]
Canada, as measured by the Consumer Price Index (CPI), reached its lowest level since June 2021, coming in at 3.4%, in line with market expectations.
The annual inflation rate in Canada, as measured by the Consumer Price Index (CPI), reached its lowest level since June 2021, coming in at 3.4%, in line with market expectations. This deceleration was primarily driven by a decrease in the annual price of gasoline (-18.3%) due to base-year effects. On a monthly basis, the CPI […]