USD/CAD holds steady near multi-week top, above 1.2800 ahead of US Q1 GDP
USD/CAD held steady near the multi-week high amid sustained USD buying. The prospects for rapid
AUD/USD extends recovery from multi-month low, further beyond mid-0.7100s
AUD/USD rebounded swiftly from over a two-month low touched earlier this Thursday. RBA rate hike
US: Don’t be surprised if real GDP growth in Q1 turns out to be negative – Wells Fargo
On Thursday, the first estimate of US GDP growth will be released. Analysts at Wells
USD/CAD holds to near 1.2820 as investors await US Core PCE
USD/CAD is hovering around 1.2824 ahead of US Core PCE and GDP. Investors should brace
China’s President Xi pushing to beat US in GDP growth despite covid lockdowns – WSJ
The Wall Street Journal (WSJ) carried a story on Tuesday, citing people familiar with the
EUR/USD bounces slightly from 1.0640 ahead of ECB’s Lagarde
EUR/USD finds some bids after an intense sell-off to near 1.0640 on souring market mood.
Morgan Stanley slashes its China 2022 GDP growth forecast to 4.2%
Analysts at Morgan Stanley revised down China’s 2022 GDP growth forecast to 4.2%, in line
German IFO’s Economist: Economy is robust in face of uncertainty
Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that
German government raises 2022 CPI forecast to 6.1% vs. 3.3% seen in January – Reuters
In its spring forecast, Germany’s government raised the 2022 inflation forecast to 6.1% vs. 3.3%
German IFO’s Economist: See no recession in Q1
Economist Klaus Wohlrabe at Germany’s IFO said that they do not see a risk of recession