Swiss rate cut lifts USDCHF; BOE holds. US jobless claims 223K. Stocks, yields fall amid market volatility.
Canadian Dollar fluctuates as Bank of Canada adjusts rates; inflation rises, impacting USD/CAD dynamics and market sentiment.
Argentina’s unemployment dropped to 6.4%, suggesting labor market improvement, while global markets experience fluctuations from economic factors.
USDCHF bounced off key moving averages at 0.88119 after the Swiss rate cut, peaking at 0.8845.
Bank of Canada Governor Macklem discussed inflation, tariffs, and policy expectations, emphasizing economic risks and the bank’s response.
Fed unlikely to cut rates next meeting; recession odds 50-60%; inflation above 2%; investment opportunities may emerge.
BoC Governor Macklem stresses flexibility, reactionary policies, and inflation management amid US tariff uncertainties affecting Canada.
GBP weakened as BoE held rates, but later strengthened. GBP/USD remained bullish, trading above 1.3000.
February CPI met expectations; March CPI near 2.5%. Shelter inflation declines. USDCAD below 100-hour moving average.
Home Depot stock rises as Powell’s inflation remarks boost Dow; tariff concerns persist, impacting lumber and flooring sales.
