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United States: Sideways growth and sticky inflation – TD Securities
TD Securities economists Oscar Munoz and Eli Nir expect US output growth to move sideways in 2025 as the lingering Oil shock and Iran conflict create stagflationary risks, keeping the Fed on hold.
Canada Canadian Portfolio Investment in Foreign Securities increased to $35.43B in June from previous $22.27B
Canada Canadian Portfolio Investment in Foreign Securities increased to $35.43B in June from previous $22.27B
Canada Foreign Portfolio Investment in Canadian Securities registered at $40.83B above expectations ($15B) in June
Canada Foreign Portfolio Investment in Canadian Securities registered at $40.83B above expectations ($15B) in June
Canada Consumer Price Index - Core (MoM) remains at 0.2% in July
Canada Consumer Price Index - Core (MoM) remains at 0.2% in July
United States NY Empire State Manufacturing Index above expectations (11) in August: Actual (20.6)
United States NY Empire State Manufacturing Index above expectations (11) in August: Actual (20.6)
Canada Consumer Price Index (YoY) came in at 3%, above forecasts (2.9%) in July
Canada Consumer Price Index (YoY) came in at 3%, above forecasts (2.9%) in July
Canada Consumer Price Index (MoM) in line with forecasts (0.5%) in July
Canada Consumer Price Index (MoM) in line with forecasts (0.5%) in July
Canada BoC Consumer Price Index Core (YoY): 2.3% (July) vs 2.1%
Canada BoC Consumer Price Index Core (YoY): 2.3% (July) vs 2.1%
Canada BoC Consumer Price Index Core (MoM) rose from previous 0.1%Â to 0.2% in July
Canada BoC Consumer Price Index Core (MoM) rose from previous 0.1%Â to 0.2% in July
GBP/USD Price Forecast: Bulls press toward 1.3600 as uptrend strengthens
GBP/USD edges higher on Monday as fading expectations of an imminent Federal Reserve (Fed) rate hike drag the US Dollar (USD) lower and lift the British Pound (GBP) to its highest level since May 12.
Norwegian Krone: Further gains seen versus Euro - Rabobank
Rabobank's Senior FX Strategist Jane Foley highlights that the Norwegian Krone (NOK) is the strongest G10 currency across multiple horizons, supported by Oil prices, above-target inflation and a hawkish Norges Bank.
Indian Rupee: RBI move tightens liquidity – BNY
BNY’s Geoff Yu notes that India’s bonds sold off after the Reserve Bank of India (RBI) unexpectedly advanced closure of its special Dollar deposit window to end-August.
Japan: BoJ path questioned on weak demand – Societe Generale
Societe Generale economists Reo Sakida and Jin Kenzaki say Japan’s 2Q GDP data were weaker than expected, with consumption and capex both disappointing.