Canadian Loonie Rises to 8-Week Excessive Regardless of Surge in US Inflation and FED’s Price Reduce Expectations

February 12, 2025 (Investorideas.com Newswire) Investorideas.com, a go-to platform for large investing concepts releases market commentary from Harbourfront Wealth – Sonora Wealth Group.

“The Canadian Greenback (CAD) rose to 8-week highs in opposition to the US greenback regardless of an surprising rise in US inflation. Core inflation elevated by 3.3%, whereas headline inflation rose by 3%. These knowledge additional strengthened Federal Reserve Chair Jerome Powell’s hawkish remarks pointing to the economic system’s resilience and protracted inflation dangers. Because of this, markets now anticipate a charge minimize in October quite than July. This might lead to a optimistic short-term outlook for the US greenback, whereas the Canadian greenback might face heightened promoting stress.

Domestically, the outlook for the Loonie stays fragile amid blended financial knowledge. Whereas constructing permits surged by 11%, indicating financial improvement, enterprise permits declined, suggesting an financial slowdown, as indicated by the PMI figures, which remained within the contraction zone. Consequently, the Financial institution of Canada might have to proceed slicing charges, exerting extra bearish stress on treasury yields and the foreign money.

Wanting ahead, the continued uncertainty surrounding commerce tensions may result in elevated market volatility, which might possible favour safe-haven property such because the US greenback, whereas sustaining stress on the Canadian greenback. As commerce tensions persist, market members might proceed to train warning, doubtlessly limiting any short-term restoration for the Canadian greenback.”

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