FXC News and Press, Invesco CurrencyShares Canadian Dollar Trust

2024-07-19 07:15:00 ET Summary Among the G10 currencies, only the Swiss franc and Japanese yen gained on the greenback amid what appears to be some unwinding of carry trades. The Dollar Index is being sold through 104.00 for the first time in three months, in the middle of the wee...

2024-07-18 08:25:00 ET Summary The Bank of Canada looks set to opt for back-to-back rate cuts in July as unemployment continues to climb and inflation converges on its target. We expect 50bp of further cuts this year. Offsetting forces could keep USD/CAD volatility capped for ...

2024-07-18 06:45:00 ET Summary The US dollar enjoys a firmer bias today, in mostly quiet turnover in narrow ranges. With yesterday's gains, the euro met the (61.8%) retracement of the decline from $1.1140 at the end of last year. The 50.2k increase in Australian jobs in June w...

2024-07-17 07:44:00 ET Summary The dollar's intraday momentum indicators are stretched ahead of the North American open. Equities were mixed in Asia but have fallen in Europe. The STOXX 300 is lower for the third consecutive session and is off nearly 2% so far this week. US in...

2024-07-16 07:10:00 ET Summary The US dollar is consolidating in narrow ranges against most of the G10 currencies. The Australian and New Zealand dollars, along with the Japanese yen are off by about 0.25%. Europe's Stoxx 600 fell 1% yesterday to snap a three-day advance and i...

2024-07-15 06:58:00 ET Summary As North American activity is about to begin, the dollar is mostly little changed. Outside of Hong Kong and Taiwan, most Asia Pacific equities advanced. European benchmark 10-year yields are mostly 1-3 bps softer, while the 10-year Treasury yield...

2024-07-14 02:20:00 ET Summary The soft-landing phase appears to be ending, and the deceleration appears to be intensifying. Given the delay of plenum, comments by Xi, and the disappointing economic performance post-Covid, expectations or hopes were running high for new stimulativ...

2024-07-11 06:50:00 ET Summary The focus today is on the US CPI report - Another soft reading is expected, and it may strengthen ideas of a Fed cut in September, which ostensibly give it time to cut again before the end of the year. The dollar is trading with a softer bias against...

2024-07-10 07:00:00 ET Summary The dollar is mostly softer today, but largely within the recent ranges, as the market appears to be waiting for tomorrow's US CPI. A less hawkish Reserve Bank of New Zealand has triggered a sell-off of the local dollar. Global equities are mostl...

2024-07-09 07:05:00 ET Summary The dollar is consolidating in narrow ranges today against the G10 currencies and enjoys as slight upward bias against most emerging market currencies but for a few currencies from the Asia Pacific region. Asia Pacific equities rallied but for Hong K...