A bumpy ride for retailers that is going sideways – CIBC
Data released on Friday showed retail sales in Canada dropped 0.1% in November, an improvement from the preliminary estimate of a 0.5% slide. Analysts at CIBC point out that some of the detail wasn’t as encouraging, and the underlying trend still shows retail sales moving broadly sideways in volume terms. They expected the Bank of […]
EUR/USD remains sideways around 1.0830 amid ambiguity in risk profile, US PPI eyed
EUR/USD is in a rangebound territory as solid yields are weighing on risk-perceived currencies. The release of the US PPI will provide more cues about inflation projections. According to Bloomberg’s poll, the ECB is expected to find an interest rate peak at 3.25%. The EUR/USD pair has continued to trade rangebound near 1.0830 in the […]