1 hour ago

USD/CAD edges up to near 1.4000 even as US Dollar underperforms

The USD/CAD pair ticks up to near the psychological level of 1.4000 during North American trading hours on Thursday. The Loonie pair trades higher despite the US Dollar (USD) trading lower following the release of the United States (US) Producer Price Index (PPI) data for April.
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3 hours ago

Powell speech: Revisions to Fed communications are being considered

While delivering his prepared remarks on Framework Review at the Thomas Laubach Research Conference on Thursday, Federal Reserve (Fed) Chairman Jerome Powell said that officials agree the strategic language around both shortfalls of employment and average inflation need to be reconsidered.
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3 hours ago

US Retail Sales rise by 0.1% in April vs. 0% expected

Retail Sales in the United States (US) rose by 0.1% in April to $724.1 billion, the US Census Bureau announced on Thursday. This reading followed the 1.5% increase (revised from 1.4%) recorded in March and came in slightly better than the market expectation for a no change.
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3 hours ago

US: Initial Jobless Claims matched consensus at 229K last week

US citizens filing new applications for unemployment insurance held steady at 229K for the week ending May 10, as reported by the US Department of Labor (DOL) on Thursday. This print matched initial estimates and the previous week's revised tally of 229K (revised from 228K).
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