Canada’s industrial product prices rose 0.4% in February, exceeding forecasts and signaling potential economic implications.
The Federal Reserve held rates steady, the US dollar strengthened, the Swiss National Bank cut rates, and markets reacted.
Canada’s raw material prices rose 0.3%, GBP/USD trades near 1.2960, and gold retreats to $3,030.
Dollar strengthened as risk appetite fell; SNB cut rates; yen outperformed; US yields dropped; gold declined.
Pound rebounds as BoE holds rates; labor market strong but wage growth slows; US Dollar gains on Fed decision.
S&P 500 futures fall 0.4% as risk sentiment weakens; USD strengthens while equities decline during European trading.
BoE holds rate at 4.50%, cautious on growth. Inflation rises, GDP shrinks, Pound strengthens against NZD.
“Both the U.S. and China portray each other as economically unstable, but data suggests neither is collapsing.”
Bank of England holds rates at 4.5%, GBP/USD declines, EUR/USD weakens, gold stabilizes, and Bitcoin hovers.
The dollar strengthens, EUR/USD and GBP/USD decline, while commodity currencies struggle amid reduced risk appetite and market apprehension.
