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Markets React: Hot Inflation, ECB Moves, Dollar Strength, and Commodity Gains


13.12.2024
Markets React: Hot Inflation, ECB Moves, Dollar Strength, and Commodity Gains

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar        1.4100-1.4310

Euro                 1.4800-1.5050

Sterling            1.7900-1.8120

 

WTI Oil (opening level) $70.53

The CAD is opening at 1.4212 ( 0.7036)

Key Points

·    Equities: Hot inflation data, ECB rate cut, weak Chinese policy signals, global equity declines

·    Volatility: VIX rises slightly, inflation concerns, active options in AI and tech

·    Currencies: EUR rallies in crosses post-ECB, but can’t top strong US dollar, which rose across the board on new surge in US treasury yields

·    Commodities: Energy sector leads strong week for commodities

·    Fixed Income: European yields rebound post-ECB, US yields rise to local highs

 



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Also read
13.12.2022

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar             1.3500-1.3600

Euro                     1.4300-1.4400

Sterling                1.6700-1.6800

20.03.2024

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar        1.3550-1.3650

Euro                1.4700-1.4800

Sterling           1.7250-1.7350

01.05.2024

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar        1.3750-1.3850

Euro                1.4650-1.4750

Sterling           1.7150-1.7250