Canada’s annual inflation fell to 2.9%, largely due to a reduction in fuel prices, according to Statistics Canada data. This marks the first occurrence since June of the previous year that the annual rise in consumer prices has dipped below 3%. These numbers bring inflation ever closer to the Bank of Canada’s target level of 2%. […]
Dollar loses ground as euro rises ahead of wages data
The U.S. dollar (USD) is losing ground in early European trading today but remains near recent highs, as expectations persist that U.S. interest rates will stay high for some time. Meanwhile, the euro (EUR) faces a crucial test with the upcoming wage data release later today. With the U.S. stock market reopening today after its […]
The five most important events of the week
This week, investors will be paying close attention to the latest minutes from the U.S. Federal Reserve (Fed) as they look for new perspectives that will shape the future of monetary policy in the country. Also the results of the chipmaker Nvidia (NVDA) will be an important sign of the artificial intelligence fever that has […]
Fed Governor Affirms U.S. Dollar’s Status as Global Reserve Currency
U.S. Federal Reserve (Fed) Governor Christopher Waller said the U.S. dollar (USD) is likely to sustain its dominant status around the world despite recent threats from both cryptocurrencies, the promotion of the Chinese yuan and the strengthening of the euro. “I do not expect the US dollar to lose its status as the world’s reserve […]
Bitcoin’s market capitalization surpasses $1 trillion again
The market capitalization of Bitcoin surpassed $1.013 trillion, reaching a 25-month high, primarily driven by the approval of Bitcoin (BTC) ETFs in the U.S. market. The total value invested in Bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021, supported by inflows from exchange-traded funds (ETFs) trading the spot cryptocurrency in […]
UK Inflation Holds Steady: Analyzing January’s CPI and Economic Outlook
Inflation in the U.K. has surprised positively in January. The Consumer Price Index (CPI) has settled at 4% year-on-year for the first month of the year, remaining unchanged compared to the rate recorded for December. The reading was more positive than expected, as analysts had expected 4.2%, according to data released by the Office for […]
The U.S. Consumer Price Index fell to 3.1%, collapsing any possibility of interest rate cuts by the U.S. Federal Reserve
As reported by the U.S. Department of Labor’s Bureau of Labor Statistics, the U.S. Consumer Price Index (CPI) decreased to 3.1% year-on-year in January, a drop of three-tenths of a percentage point from December. The high inflation on U.S. soil and its persistence buried the options for a possible lowering of interest rates by the […]
As the dollar moves cautiously, stock markets remain at two-year highs ahead of inflation-related data
On Monday, the U.S. dollar (USD) showed volatility due to important data expected this week that will influence monetary policy. For this reason, two members of the U.S. Federal Reserve will be speaking this week to keep calm ahead of the release of January’s Consumer Price Index data. Revisions made on Friday last week, which […]
Bitcoin price hits highest levels since 2021
Bitcoin (BTC) hit its highest price since December 2021, boosted by a record debut by U.S. exchange-traded funds. The cryptocurrency rose more than 2.1% to US$49,130, surpassing last year’s highs. This occurred a few weeks after ETFs were approved in January. Likewise, Bitcoin is poised for a seventh consecutive gain, which would become the longest […]
Cocoa prices hit record highs, raising confectionery costs for this year
Cocoa futures extended their growth and reached record prices in New York as a deficit grips the market, and chocolate and other confectionery products could become more expensive in 2024. Since the beginning of the year, cocoa prices have soared nearly 30% in London and New York, marking a continuation of the price escalation that […]