EUR/USD
1.17791
-0.005%
Gold
4724.03
0.005%
Oil
94.678
2.897%
USD/JPY
157.009
0.181%
GBP/USD
1.36399
0.090%
GBP/JPY
214.167
0.274%
Real-time News
On May 11th, economist David Rosenberg stated that given the weakening Canadian labor market, the Bank of Canada has "no chance" of raising policy rates. He pointed out that if it werent for the oil price shock triggered by the Iraq War, the Bank of Canada should have already begun discussing restarting its rate-cutting cycle. According to his analysis, Canadian employment data for April showed a net loss of 112,000 jobs in the first four months of 2026. However, he also mentioned that fixed-income market traders are already pricing in at least two more rate hikes by the end of 2026. Rosenberg believes that the Canadian labor market is continuing to lose momentum, while the disinflationary resource gap is widening, meaning that inflationary pressures in the economy are further weakening.According to Fox News: US President Trump said he will negotiate with Iran until an agreement is reached.According to Fox News: US President Trump said that Irans hardline leaders will compromise.EU High Representative for Foreign Affairs and Security Policy Karas: Agreed to lift sanctions against Syrias defense and interior ministers.EU High Representative for Foreign Affairs and Security Policy Karas: We strive to resolve all outstanding issues regarding Ukraines EU accession before the summer.
