Bank of Canada held rates at 2.25%, stays patient as inflation nears 3% amid excess supply.
US stocks slid as hot headline inflation and Hormuz tensions lifted oil, VIX, and renewed downside pressure.
Canadian dollar retreats after BoC holds rates at 2.25%; Fed hawkishness and oil risks keep USD/CAD biased higher.
WTI rises near $89.40 as Iran tensions, Hormuz risks and large inventory draw tighten market.
Sterling rose as US CPI met forecasts; GBP/USD hovered near 1.3400 amid Fed/BoE uncertainty, boosting volatility strategies.
Russia’s May CPI rose 0.2%, meeting forecasts; elevated 7.8% inflation reinforces Central Bank hawkish stance.
Sterling holds near 1.3400 as US CPI firms, DXY dips, and Fed-BoE divergence drives GBP/USD.
AUD/USD slips near 0.7020 as Fed stays higher-for-longer and RBA cuts loom; bears eye 0.6998.
Gold tumbles 3% to 11-week lows as CPI fuels Fed hike bets, stronger dollar pressures bullion.
Danish inflation accelerated in May, core hit 2.1%; electricity cuts restrained CPI, widening gap versus eurozone.
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