All eyes on Canadian GDP
Canadian GDP growth will be released on Friday, May 29, at 15:30 MT time.
Will the CAD rise on positive Ivey PMI?
Ivey PMI will be announced at 17:00 MT time on January 7.
175 purchasing managers selected geographically across Canada report their business activity each month to Ivey Business School. Ivey PMI is calculated based on these numbers. As businesses react quickly to the changes in market environment and financial outlooks, this indicator is a central tool to assess Canada’s economic health. A resulting value below 50 generally means economic contraction, which was the case in September and October. The November value, which was released on December 5, was 60. That was higher than market expectations and signaled an economic upswing. If a similar scenario takes place on January 7, the CAD may grow.
- If the indicator exceeds the market expectation, the CAD will gain strength.
- If the indicator underperforms, the CAD will fall.
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All eyes on Canadian GDP
Canadian GDP growth will be released on Friday, May 29, at 15:30 MT time.
The key release for the AUD
Australian Private Capital Expenditure will be announced on Thursday, May 28, at 4:30 MT time.
EUR supported by the European Commission
The EUR made a significant rise on the news of the stimulus expansion. Will it last long?
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