Producer prices in Canada went down to -0.8% MoM in February, from 0.4% in January and against market expectations of a 0.4% rise. On an annual basis PPI dropped to 1.4% from 5.4% in previous month.
USDCAD saw relatively small reaction to today’s data PPI release. Currency pair continued to trade above 1.3700 level. Source: xStation5
The major indexes on Wall Street erased some of the morning's losses despite weak opening sentiment. The S&P500 gained 0.3%, the Nasdaq traded...
6:41 PMShares of Virgin Orbit (VORB.US), the company in British billionaire Richard Branson's empire dedicated to launching smaller satellites into space,...
3:07 PMFollowing comments by Raphael Bostic, head of the Atlanta Fed, whose view is that a US recession scenario is unlikely and the banking sector is strong,...
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