The Canadian dollar is unchanged in the European session, as USD/CAD trades at 1.2491. It was a banner day for the currency on Wednesday, as USD/CAD plunged 0.94%, its sharpest one-day loss since August 2021. The Canadian dollar took advantage of broad US dollar weakness as well as the Canadian CPI report. Higher oil prices […]
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New Zealand’s trade balance reported a deficit of NZD -257m in February as imports surged far ahead of modest export gains. Goods exports edged up just 0.4% yoy to NZD 6.6B, while imports jumped 12% Read more…
Key insights from the week that was. Among the plethora of major central bank decisions this week, the RBA stood out from the pack, delivering a 25bp rate hike which took the cash rate to Read more…