The Loonie’s Rally Just Sped Up. Is That the Data, or Something More?
The Canadian dollar's rally has accelerated sharply this week without help from oil, built instead on blowout GDP and jobs data — but whether this reflects genuine repositioning for a Bank of Canada hike or just a weak US Dollar remains unconfirmed.
Yen Intervention Bought Two Weeks. Can a BoJ Rate Hike Make the Rescue Last?
USD/JPY's rebound from last month's intervention is stalling just below 160, as reports of an informal US-Japan understanding — support for the Yen in exchange for BoJ hiking room — reshape how traders read the months ahead.
Sluggish Dollar as Fed Gets More Reason to Wait, Brent Runs Out of Reasons to Rally
Dollar slipped again after July PPI undershot expectations, reinforcing fading Fed hike bets, annual producer inflation slowed from 5.5% to 4.7% and September hold odds rose to near 70% from around 45% a week ago. At the same time, Brent's six-session, roughly 12% rally has stalled around the $90 level as US-Iran headlines stop supplying fresh reasons to extend the risk premium.
RBNZ Survey Was Hawkish. So Why Did NZD Fall?
The RBNZ's latest Survey of Expectations pointed to a September hike and firmer growth, yet NZD fell across the board — because markets had already priced the hawkish rate path and instead traded an 81-basis-point collapse in near-term inflation expectations.
