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US President Trump: Senate Republican Leader Thune and Senator Graham have taken a key first step in pushing through another “reconciliation bill” that aims to fund our great Border Patrol and Immigration and Customs Enforcement personnel.April 23 - According to the website of the China Maritime Safety Administration, the Jiangmen Maritime Safety Administration issued a navigation warning that military activities will be conducted in parts of the South China Sea from 4:00 to 9:00 on April 23, and entry is prohibited.The Israeli military stated that it did not prevent rescue teams from reaching the area.The Israeli military has received reports of an attack in southern Lebanon that injured two journalists.April 23 – Pakistani officials remained optimistic on Wednesday that it was still possible to bring the US and Iran back to the negotiating table, despite Irans seizure of two cargo ships in the Strait of Hormuz creating a new obstacle to their efforts to broker a long-term peace. Pakistani Prime Minister Sharif met with the Iranian ambassador on Wednesday. A Pakistani official briefed on the talks said a second round of negotiations could take place in the coming days. Former Pakistani ambassadors to the US and UK, Maleha Lodi, who is familiar with the current diplomatic efforts, said: "The ceasefire has opened up space for the resumption of diplomatic channels, and Pakistan believes that space is sufficient. Neither side has rejected negotiations." Another Pakistani official, briefed on the negotiations and requesting anonymity, said that following the ceasefire extension, Pakistani mediators had received positive signals from Iran expressing a desire to resume face-to-face talks. The official did not elaborate on what these signals were, nor did he say whether Iran had told the Pakistani mediators that the lifting of the US blockade of the Strait of Hormuz was a prerequisite for participating in a second round of negotiations.

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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