FXC News and Press, Invesco CurrencyShares Canadian Dollar Trust From 06/01/24

2024-06-01 10:40:00 ET Summary The investment climate is influenced by politics and economics, with upcoming events such as central bank meetings and elections shaping market expectations. The European Central Bank is expected to begin its easing cycle, while the Bank of Canada ma...

2024-05-31 07:15:00 ET Summary The dollar is mostly consolidating yesterday's losses ahead of month-end and the US income and consumption data. The PCE core deflator may have risen by 0.2%, the least this, year, but the year-over-year rate is expected to be steady at 2.8%. The...

2024-05-30 07:20:00 ET Summary The dollar initially extended yesterday's North American recovery but unwound most of the gains in the European morning. The yen's recovery arguably helped the Chinese yuan rise for the first time since May 15. After falling more than 1% yesterda...

2024-05-30 05:00:00 ET Summary We think markets are underestimating (16bp) the chances of a rate cut next Wednesday. Consensus is split, but with inflation within the BoC’s comfort band and unemployment rising, we see policymakers narrowly favouring a 25bp cut. ...

2024-05-27 08:25:00 ET Summary The dollar traded mostly higher last week. The US 10-year yield bottomed near 4.30% in mid-May and reached 4.50% last week to test the 20-day moving average. The US dollar frayed support near CAD1.36 last week and recovered to almost CAD1.3750 be...

2024-05-25 09:30:00 ET Summary Stronger than expected data and hawkish FOMC minutes lifted US rates and the dollar, while the market reduced expectations of ECB easing. Sterling remained resilient despite weak economic data, but rate expectations were impacted by stronger than exp...

2024-05-24 07:35:00 ET Summary The dollar is paring yesterday's advance that was spurred by the rise in US rates following the preliminary PMI. Asia Pacific and European equities have sold off in the wake of yesterday's slide in the US. The Canadian dollar was the weakest of t...

2024-05-22 07:15:00 ET Summary A hawkish hold by the Reserve Bank of New Zealand and a firmer-than-expected UK CPI reading have allowed the New Zealand dollar and sterling to show resilience in the face of the US dollar's broadly firmer tone. US index futures are trading with a so...

2024-05-20 07:50:00 ET Summary Most of the G10 currencies are +/- 0.1% against the dollar. The BOJ's reluctance to continue to reduce its bond purchases seemed to strengthen perceptions that it was not as concerned about the yen's weakness as was the Ministry of Finance. The e...

2024-05-18 13:25:00 ET Summary The highlight of the week may be the preliminary May PMI estimates. Though, market participants appear to put more weight on the ISM than the PMI. Former President Trump has threatened higher tariffs on all Chinese goods if he is elected. The direct ...