Canada: Inflation measures under scrutiny – NBC

FXStreet Insights Team FXStreet

National Bank of Canada (NBC) analysts Matthieu Arseneau and Alexandra Ducharme analyze the recent policy rate decision in Canada, highlighting the Bank's focus on core inflation measures. The analysts noted a shift towards a more coherent approach in the Bank's Monetary Policy Report, emphasizing CPI-trim and CPI-median.

CPI-trim and CPI-median in focus

"We know that the Bank is currently reviewing its core inflation measures, and we continue to believe that it should pick an exclusion measure for both simplicity and flexibility."

"Due to these developments, we will be paying closer attention to the CPI-trim and CPI-median for the next inflation releases."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

EUR/USD loses the grip, returns to the 1.1900 region

EUR/USD now comes under a sudden bout of selling pressure, slipping back to the area of two-day lows near 1.1900 the figure on Thursday. The pair’s daily pullback comes on the back of the continuation of the rebound in the US Dollar as investors evaluate the Fed’s interest rate decision and rising geopolitical concerns.

GBP/USD drops to two-day lows near 1.3750

GBP/USD faces some increasing selling pressure, building on Wednesday’s losses and revisiting the 1.3750 zone on Thursday. Cable’s decline to two-day lows comes in response to the marked advance in the Greenback while traders have started to shift their focus to next week’s BoE gathering.

Gold melts, challenges $5,100

Gold accelerates its daily correction and retests the $5,100 region per troy ounce, turning negative for the day and fading the earlier bull run to all-time highs around $5,600. The precious metal’s steep sell-off comes on the back of the better tone in the Greenback and mixed US Treasury yields.