Dollar Regains Ground Ahead of Fed Minutes

Higher US inflation fails to spark dollar revival The US dollar depreciated across the board versus major pairs despite consumer prices rising more than expected. Inflation anxiety had triggered a sell-off in global stock markets with the Fed expected to ramp up their interest rate hike path yet the dollar did not benefit as higher […]

High Levels of Canadian Debt Worry BoC

A senior Bank of Canada official says the central bank is looking at how the high levels of household and public debt could pose a challenge to how it manages monetary policy. In a speech to the Manitoba Association for Business Economists, deputy governor Lawrence Schembri says high debt levels mean there is less space, […]

Gold Takes Breather After Strong Gains

Gold prices is trading sideways in the Thursday session, after surging higher on Wednesday. Currently, the spot price for an ounce of gold is $1351.30, up 0.05% on the day. On the release front, PPI gained 0.4%, matching the forecast. Core PPI also gained 0.4%, beating the estimate of 0.2%. Both indicators rebounded after declines in […]

US Homebuilder Confidence Remains High in February

Tax cuts are still making homebuilders feel better, even as mortgage rates rise to the highest level in more than four years. Builder confidence was unchanged in February from the prior month, remaining at 72 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Anything above 50 is considered positive sentiment. The […]

US 10 Year Yield Reaches Four Year High

U.S. government debt yields notched new highs Thursday amid of a slew of new economic data that provided more evidence of inflation pressure. The yield on 10-year U.S. Treasury touched a fresh four-year high of 2.944 percent, above the levels which sparked a stock market sell-off in recent weeks. The 2-year Treasury yield hit a […]