Currency Markets Subdued as Oil Shock Lifts Global Yields; ECB, U.S. Inflation Eyed

Currency markets subdued as oil shock lifts global yields

Markets are focused on US producer prices and inflation data ahead of next week's Federal Open Market Committee meeting.

Currency markets subdued as oil shock lifts global yields; ECB, U.S. inflation eyed

Currency markets remained steady as investors assessed rising oil prices and bond yields. The Japanese yen's strong rally paused before key United States inflation readings were released. Global bond yields climbed higher, reaching their highest levels since last year due to energy pressures. Central banks in Europe and Japan are expected to raise interest rates soon. United States inflation data will guide the Federal Reserve's upcoming policy …

Canadian Dollar steadies as oil gains offset USD bounce before PPI

The USD/CAD pair struggles to capitalize on the previous day’s modest gains and consolidates just above the 1.3800 mark during the Asian session on Thursday. Traders seem hesitant and opt to wait for the release of US inflation figures before placing fresh directional bets. The US Producer Price Index (PPI) report will be published later […]