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Indian trade officials: India and the United States are committed to advancing and finalizing the framework agreement reached in February.On August 13th, Xu Bijiu, Vice Minister of Ecology and Environment, stated that my country is expediting the formulation of a new round of action plans for continuous improvement of air quality, which is also the fourth "Ten Measures for Air Pollution Prevention and Control." He made this announcement at a press conference held by the State Council Information Office on the 13th, themed "Starting the 15th Five-Year Plan." Xu Bijiu explained that since the 18th National Congress of the Communist Party of China, my country has successively issued and implemented three "Ten Measures for Air Pollution Prevention and Control": the 2013 "Action Plan for Air Pollution Prevention and Control," the 2018 "Three-Year Action Plan for Winning the Battle Against Air Pollution," and the 2023 "Action Plan for Continuous Improvement of Air Quality," which have significantly improved my countrys air quality. Data shows that by 2025, the national PM2.5 concentration will drop to 28 micrograms per cubic meter, a 59% decrease compared to 2013, and the proportion of heavily polluted days will drop to 0.9%, the best level since monitoring began.The Ukrainian military reported that it attacked a Russian oil refinery in Bashkortostan, about 1,300 kilometers from the border.Indian trade officials say they are working to reach a bilateral trade agreement with the US as soon as possible.Russian Ministry of Defense: Russian troops have taken control of Petrivka in the Donetsk region.

USD/CAD Bears In Control And Aiming At Support Zone Lows

Alina Haynes

Apr 04, 2023 13:53

USD:CAD.png 

 

The USD/CAD exchange rate is unchanged on the day after a succession of negative impulses drove the price into new territory to the downside and deeper into a support region as a result of the oil price rally. The USD/CAD exchange rate was 1.3431 at the time of writing.

 

Monday's 6.3% rise in West Texas Intermediate WTI crude oil to an intraday high of $81.51 strengthened the CAD. The oil price surged after the OPEC+ cartel surprised the market with a production cut of 1.1 million barrels per day to support prices, with the cartel announcing that it will reduce output prior to Monday's ministerial meeting.

 

Analysts at TD Securities observed that the Bank of Canada's Business/Consumer Surveys painted a more dovish picture ahead of the April BoC meeting, with a marked improvement in capacity pressures and consumer inflation expectations.

 

Analysts noted that firm-level inflation expectations continue to be elevated and that consumer growth and income expectations have also increased since the fourth quarter.

 

''The Bank of Canada should be pleased with these results, which indicate a decline in capacity pressures and a moderation in inflationary pressures. However, inflation expectations remain a formidable impediment to near-term relief. If growth does not decelerate substantially in the second quarter, it may be difficult for the Bank of Canada to keep rates at 4.50 percent. Analysts believe that the report is optimistic for CAD.


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