EUR/USD 1.17268
0.243%
Gold 4759.54
-0.124%
Oil 90.663
-1.384%
USD/JPY 159.298
0.203%
GBP/USD 1.34677
0.244%
GBP/JPY 214.543
0.466%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 11th, the High-Level Forum on the Development of Intelligent Electric Vehicles (2026) was held. Su Bo, Vice Chairman of the National Manufacturing Power Construction Strategy Advisory Committee and former Vice Minister of the Ministry of Industry and Information Technology, stated that the 15th Five-Year Plan period is crucial for my countrys transformation from a major automobile producer to a leading automobile power. New energy vehicles must shoulder the national mission of building a strong manufacturing nation, a strong science and technology nation, a strong transportation nation, and achieving the "dual-carbon" goals. By 2030, new energy vehicles will become the absolute mainstay of the automobile market, with a domestic penetration rate exceeding 70%. The goal of building a leading new energy vehicle nation is expected to be achieved ahead of schedule by the end of the 15th Five-Year Plan period.NASA: The four astronauts who were on the Artemis 2 mission safely exited the spacecraft.April 11 - According to the Yangpu Transportation and Port Authority, in the first quarter of 2026, Yangpu Ports container throughput reached 983,700 TEUs, nearly doubling (up 94.37% year-on-year); among them, the growth rate of foreign trade container throughput was particularly rapid, basically achieving a 2-fold increase (up 199% year-on-year), successfully achieving a "good start" for port production in the first quarter.April 11th - According to Dutch regulators, Full Self-Driving (FSD) has received regulatory approval in the Netherlands, marking the first time FSD has been approved in the European market. Tesla hopes other EU countries will follow suit. Widespread adoption of FSD is central to Teslas growth strategy. A significant portion of the companys current valuation of approximately $1 trillion depends on Elon Musks bet that AI-powered self-driving software and robotaxis will become the companys primary revenue streams in the future.April 11 – Energy Intelligence Group reporter Amona Barker: If mines do exist in the Strait of Hormuz (a highly hypothetical scenario), locating and clearing them could take weeks. The very presence of the mines, whether real or not, will further deter ship owners from transiting the strait. Some experts suggest that, depending on the type of mine, some may even have shifted.

As the Fed confirms the disinflationary process, the USD/CAD exchange rate may fall to 1.3250

Alina Haynes

Feb 02, 2023 16:05

 USD:CAD.png

 

The USD/CAD pair resumed its two-day losing run after slipping below 1.3270 in Asia. Following two days of declining US inflation, the Canadian dollar fell on Wednesday.

 

The US Manufacturing PMI (Jan) dropped for a third consecutive month to 47.4, below the consensus estimate of 48.0 and the prior reading of 48.4. The Index of New Orders for Manufactured Goods, which indicates future demand, decreased to 42.5 from 46.1 and 45.1. Fed Chairman Jerome Powell stated in his comments that consumer spending has slowed significantly and that the central bank will now focus on labor cost balance. The US Employment Cost Index (Q4) fell by 1%.

 

The US Consumer Price Index (CPI) and Producer Price Index (PPI) have decreased for three consecutive months, while economic activity and consumer spending have slowed, signaling deflation. Powell stated, "Can now for the first time announce, 'The disinflationary process has begun.'"

 

The market participants' risk appetite has raised the demand for risky assets. After a solid performance on Wednesday, S&P500 futures increased in the Asian morning. The US Dollar Index (DXY) found limits following a decline to about 100.80 amid risk-on market mood. The yield on 10-year US Treasuries has surpassed 3.41 percent.

 

Monthly GDP (Nov) data for the Canadian dollar were 0.1%, above the consensus forecast of flat. Since the Bank of Canada (BoC) ceased policy tightening after increasing interest rates to 4.50 percent, the Canadian economy has not declined on a monthly basis.

 

After plunging to nearly $76, the price of oil is recovering. Black gold dipped on Wednesday after the US Energy Information Administration (EIA) reported 4.14 million oil inventories for the week ending January 27. Because Canada is a major oil exporter to the United States, lower oil prices influence the Canadian Dollar.


Suggestion