Canadian Dollar declines on falling oil prices The Canadian Dollar has declined due to falling oil prices. The USD/CAD pair is trading around 1.4190 during the Asian hours on Friday, after registering modest losses in the previous day. A tug-of-war is unfold
China's services activity growth slows in June China's Services Purchasing Managers' Index (PMI) declined to 54.1 in June from 54.4 in May. The services sector still marked the third-steepest increase in nearly three years. Services exports grew for a second cons
Falling crude prices and soft US data weigh on the CAD, lifting the pair to 1.4190 amid dovish BoC expectations. USD/CAD climbed to 1.4190 in Asian trading Friday, reversing modest losses as declining oil prices weakened the Canadian Dollar. The pair’s gains reflect broade
June data shows Japan’s services sector expanded at the fastest pace in two years, though input costs surged to a near-two-year high. Japan’s services PMI rose to 52.2 in June from 50.0, marking the strongest new work growth in two years. The expansion was driven by increa
The stronger-than-expected yuan reference rate may signal tighter liquidity or policy caution amid currency volatility. The People’s Bank of China set today’s USD/CNY reference rate at 6.8047, 239 pips above the Reuters estimate of 6.7808. The prior close stood at 6.7830,
GBP rises near 1.3350 against USD The British Pound has strengthened to near 1.3350 against the US Dollar. The gain is attributed to a weaker-than-expected US Nonfarm Payrolls report. The US markets are closed on Friday for Independence Day, which may impac
Ottawa confirms a southern corridor for the Trans Mountain pipeline, resolving key financing and route disputes to advance construction. Canadian Prime Minister Mark Carney confirmed the southern route for the Trans Mountain pipeline expansion, avoiding a contentious north
China’s central bank will likely guide the yuan’s daily reference rate to 6.7808, influencing onshore trading within a 2% band. The People’s Bank of China is expected to set the USD/CNY reference rate at 6.7808, a key benchmark for the yuan’s daily trading range. The midpo
Investors withdrew $15.6 billion from private credit funds in Q2, but managers repaid only $5.9 billion amid declining new fundraising. Private credit funds faced $15.6 billion in redemption requests in the second quarter, up from $13.9 billion in Q1, but returned just $5.
June data shows marginal growth in services activity but confidence slumps to its lowest level since November 2023. Australia’s services sector returned to expansion in June, with the PMI rising to 50.5 from 48.7 in May. The uptick was driven by increased staffing rather t
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