CANADA'S NOVEMBER INFLATION READINGS MIXED
Canada's Consumer Price Index (CPI) showed no change in November, recording 0%, which was below the expected 0.1% increase.
The CPI had contracted by 0.4% in October.
On an annual basis, inflation slowed to 1.9% in November, which was below the expected 2% increase.
USD/JPY DROPS BACK UNDER 155.00 TO FRESH LOW FOR THE DAY USD/JPY fell below 155.00, hitting a new low for the day. The USD had risen earlier after Trump mentioned considering 25% tariffs on Mexico and Canada. Trump is considering imposing tariffs by February 1, but
USD/CAD HOLDS GAINS NEAR 1.4450 ON TRUMP'S REMARKS ON TARIFFS USD/CAD held near 1.4445, up 0.94% in Tuesday’s Asian session. Trump suggested imposing 25% tariffs on Canada and Mexico in February. The Canadian Dollar weakened due to Trump's remarks on
JAPAN MOF'S MIMURA COMMENTS ON ECONOMIC OUTLOOK AND BOJ POLICIES Japan’s Ministry of Finance (MOF) official Mimura emphasized the need to monitor the sustainability of China's recent export growth. Mimura noted weak real consumption in Japan. He also highlighted the importance of watching the new
XAU/USD REMAINS FOCUSED ON ALL-TIME HIGHS Gold prices hovered around $2,700 as investors assessed Trump’s second term. The US Dollar weakened as investors became more risk-on ahead of Trump’s inauguration. The Federal Reserve is expected to keep interest rates unchanged in January. Gold maintained its bullish