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dollar/Cad (USDCAD):
After the close of trading on Tuesday, the US dollar was mixed with the Canadian dollar, and it opened for consolidation today1.3473Nearby, due to high inflation in Canada, the Canadian dollar has experienced short-term downward volatility, while the US dollar has relatively risen in volatile trading. Due to a lack of clear direction, the market is closely monitoring debt ceiling negotiations to avoid potential defaults.
The US dollar rose earlier after the US announced4The monthly retail sales growth was lower than expected, but details show that the basic trend is still stable, indicating that consumer spending may remain strong in the early second quarter. Consistent with the generally optimistic economic situation,4Monthly Industrial Production Leaps Up1%Easily exceed the expected flat reading. These reports indicate that although the market generally expects the Federal Reserve to suspend interest rate hikes at its next meeting, raising borrowing costs does not rule out its possibility.
In terms of yesterday's financial event data, the US Department of Commerce announced4The monthly retail sales month to month rate has dropped from expectations to1.6%and0.4% (newspaper6860.52USD100mn)The core monthly rate has decreased year-on-year to0.4% (newspaper5560.92USD100mn)This reflects a decrease in market demand for overall retail goods. However, the Federal Reserve has announced4The monthly industrial and manufacturing output rates are both higher than expected0.5%and1%This indicates an increase in demand in the industrial and manufacturing markets. In terms of inflation data, Statistics Canada announced4monthCPIThe monthly rate has increased to4.4%and0.7%This reflects the overall increase in inflationary pressure in the country.
From the upward direction, the upper suppression(Upper resistance) 1.3470,1.3510; From the downward direction, the lower support1.3440。
euro/pound (EURGBP):
After slightly rising against the pound on Tuesday, the euro rose to0.8705Nearby, due to overall weak economic data from eurozone countries and the UK, the upward space for the euro and sterling is limited.
Yesterday, the Council for Economic and Financial Affairs of the European Union held a meeting from the European Union27The Ministers of Economy and Finance of member countries held discussions in Brussels, Belgium, on key issues such as sanctions against Russia and bank crisis management. At the meeting that day, EU countries did not discuss the issue of11Agree on sanctions against Russia in turn. At the meeting that day, countries decided to strengthen administrative cooperation and prevent digital assets from being used for tax avoidance and tax fraud. The EU finance ministers also discussed proposals for bank crisis management and deposit insurance frameworks.
In terms of yesterday's financial event data, the Eurostat announced the first quarter of the eurozoneGDPMaintain an annual quarterly rate of1.3%and0.1%This reflects the fixed level of GDP growth in eurozone countries. In addition, the European Economic Research InstituteZEWAnnouncement of the Eurozone5The overall monthly economic prosperity and current situation index showed negative growth to-9.4and-27.5German economic data also fell to-10.7and-34.8This indicates that European countries are somewhat pessimistic about the future prospects. In terms of employment data, the UK Office for National Statistics has released4The monthly unemployment rate has increased to3.9%And the number of applicants for unemployment benefits is from2.82Wanchong Gaozhi4.67Ten thousand people, indicating a decline in overall labor market growth.
From the upward direction, the upper suppression(Upper resistance) 0.8700,0.8740; From the downward direction, the lower support0.8670。
CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.
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