BoC Governor Tiff Macklem emphasized overnight that the central bank doesn’t want monetary to be “more restrictive than it has to be,”. Yet he also cautioned against lowering borrowing costs “too quickly” as it could undermine progress on controlling inflation. Macklem pointed out that although wage growth remains above pre-pandemic levels, there are signs that […]
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In focus today In the euro area, focus turns to inflation data for Germany and Spain which we receive ahead of the euro area data tomorrow. We expect euro area headline inflation to rise to Read more…
Appetite on Wednesday was limited on both sides of the Atlantic Ocean. In the US, the crowded economic data came in mostly in line with expectations, confirming that the US economy grew 2.8% in Q3 Read more…
Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… Intraday bias in EUR/USD remains neutral and further decline is expected with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from Read more…