Canada, inflation data for May:
- CPI core: currently: 3.7% YoY. Expected 3.9% YoY, previously 4.1% YoY
- CPI: currently: 3.4% YoY. Expected 3.4% YoY, previously 4.4% YoY
The BoC recently decided to raise interest rates, which was related to a rebound in inflation figures for April. However, we are now seeing a drop to a very low level.
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%⏰