A good read from the US. Are manufacturers optimistic about Donald Trump’s policies? Expectations stood at 56 points. Any score above 50 reflects expansion and at 57.7, we are already talking about stong growth. Among the components, inflation expectations remain elevated with the Prices Paid component standing at 68 points. New orders are also at sky-high [...]
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The BOC left the interest unchanged at 0.50%. This was no surprise. In the accompanying statement, the team in Ottawa expressed worries. There still is slack in the economy, as reflected by stagnating wages, low core inflation, and challenges to exports. They do acknowledge stronger job growth but see the rise in energy prices as [...]
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The Bank of Canada convenes to decide on its monetary policy as the Canadian dollar weakens. What should we expect from Poloz and his team? Here is their view, courtesy of eFXnews: We do not anticipate that the BoC policy announcement will have a significant impact on the CAD. The next Monetary Policy Report is [...]
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Markit’s UK manufacturing purchasing managers’ index was expected to remain steady, ticking down from 55.9 to 55.6 points, reflecting solid growth. GBP/USD was trading around 1.2384 ahead of the publication, down mostly due to the dollar’s strength.
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