Bank of Canada issues warning: High immigration rate can't conceal grim economic data. Economy faces huge challenges.
Although Canada may not have technically entered a recession, some economists suggest that the declining trend in per capita output is similar to previous economic downturns. Therefore, economists recommend that decision makers analyze beyond the overall positive economic data released in recent quarters in Canada.
UBS raises bets on future rate cuts, making the Canadian dollar even more fragile!
Investors believe there is a 60% chance that the Bank of Canada will further loosen its policies at its policy meeting in September. Accelerating the pace of interest rate cuts will ease the pressure on heavily indebted Canadian households. This may also increase pressure on the Canadian dollar. Bank of Montreal said the spread between the Bank of Canada and the US Federal Reserve is widening, which could make the Canadian dollar more vulnerable.
Canadian Dollar Holds Steady as Markets Roil on US GDP Figures
CAD: Rate Cut as Expected, More Likely to Follow – Commerzbank
RMB suddenly skyrocketed! What happened?
Recently, the market seems to be ignoring the fact that the Renminbi has strengthened!
Australia is about to release the CPI for the second quarter, and whether the Reserve Bank of Australia will raise interest rates in August depends on it!
The inflation data released on July 31st in Australia may significantly affect policy expectations for the Reserve Bank of Australia meeting on August 6th. Recently, the RBA stated that the bank remains vigilant about the upward risks of inflation. If CPI data for the second quarter rises, this could break the balance and force the RBA to act. The strong market opinion is that if there is a rate hike, it will be the most reluctant rate hike in history, and a reversal may occur in the second quarter of 2025.