Canada PPI rose 1.2% in May, undershooting forecasts, easing inflation pressures and supporting Bank of Canada rate cuts.
Four-week jobless claims average rose to 223.25K, signaling mild labor softening and boosting Fed cut odds.
Canada’s RMPI rose 0.7% in May, below 1.1% forecast, boosting rate-cut, CAD-bearish trades.
Mexico’s private spending growth slowed to 2.2%, complicating Banxico policy and boosting peso, equity volatility.
Mexico’s Q1 private spending fell 0.8%, reversing prior growth, signaling weaker demand and pressure on peso/assets.
SNB keeps rates at 0.00%, ready to intervene if necessary, supporting EUR/CHF stability amid higher inflation forecasts.
Euro climbs versus pound as BoE holds rates; easing inflation, firm wages and ECB cut widen divergence.
Bank of England holds rates at 3.75%, later pausing easing as inflation stays sticky and support sterling.
Pound hits two-month lows as BoE holds rates; Fed stays hawkish, signaling further GBP/USD downside risk.
Rabobank sees euro strength fading as energy shocks hit Europe, limiting EUR/USD upside despite priced-in ECB hikes.
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