HSBC is expected to cut interest rates by 25 basis points this week, and the US and Canada are expected to break through 1.3750 and reach 1.3900!

In the survey from July 16th to 19th, nearly three-quarters of the surveyed economists expected the Bank of Canada to cut interest rates by 25 basis points on Wednesday this week. The surveyed economists also predict that the Bank of Canada will pause its easing cycle at the September meeting, and then resume interest rate cuts in October and December. Forex analyst Saqib Iqbal pointed out that if the USD/CAD breaks through the 1.3600 support and 1.3750 resistance range, it will return to the key level of 1.3900.

FX678 Finance22:23 ET

Canada Producer Prices Flat in June, Raw Material Costs Slide

Excluding energy products, producer prices edged up 0.1% on-month, the data agency said Friday.

WSJJul 19 10:55 ET

Canadian Dollar Gives a Mixed Thursday Performance

The Canadian Dollar (CAD) recovered some ground in mixed trading on Thursday but still shed weight against the Greenback, the market’s best-performing currency of the day.

FXStreetJul 18 12:44 ET

Canada Unemployment Rate Expected To Peak at 6.6% -- Market Talk

CIBC Capital Markets revises its economic forecast for Canada, with the most notable change being an uptick in the unemployment rate.

WSJJul 18 10:25 ET

CHF: It Is Unclear When SNB Plans to React – Commerzbank

The Swiss Franc (CHF) benefited significantly on Wednesday both against the US Dollar (USD) and the Euro (EUR), Commerzbank FX analysts Ulrich Leuchtmann and Michael Pfister note.

FXStreetJul 18 07:26 ET

Switzerland Books Highest Quarterly Trade Surplus in Q2

Switzerland recorded its highest quarterly trade surplus of 12.45 billion francs in the second quarter of 2024, after 9.38 billion francs in the previous three months, the Federal Office for Customs and Border Security said Thursday.

MT NewswiresJul 18 04:08 ET