South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
Will the Canadian inflation rate rise?
The Canadian year-on-year inflation rate will be released at 15:30 MT time on November 20.
The October release of the year-on-year inflation rate was 1.9%. That was below the expected 2.1%. November 20 offers a similar possibility: the forecast is the same 2.1%. If the rate is again 1.9%, that would be the third month in a row of the inflation showing no move in either direction. The analysts advise that the Canadian economy has been on a steady growth course in general, with certain internal weaknesses though. The worse-than-expected jobs data referencing the October employment dynamics may have a negative impact on the inflation rate through lower industrial activity. However, if the announced rate exceeds the market expectation, that should appreciate the Canadian dollar.
- If the inflation rate exceeds the market expectation, the CAD will rise;
- If the inflation rate does not exceed the market expectation, the CAD will fall.
Similar
The US has joined the rest of the world in recession
The US economy has been hit hard by the coronavirus outbreak.
Forex market update on March 30
Another week starts in the Forex market. Where will it lead? Read the article to get the main outlines so far.
Latest news
South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
The US has joined the rest of the world in recession
The US economy has been hit hard by the coronavirus outbreak.
USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Deposit with your local payment systems
