US: Flash PMIs surprise to the upside in January

According to Markit, the advanced S&P Global Manufacturing PMI improved to 50.3 for the month of January, up from December’s 47.9.

In addition, the S&P Global Services PMI climbed to 52.9 (from 51.4) and the S&P Global Composite PMI rose to 52.3 (from 50.9).

Jan 24, 2024

USD/CAD could reach 1.4500 by the midpoint of this year – NBF

USD/CAD has pushed higher to start the year. Economists at the National Bank of Canada analyze Loonie’s outlook Rate cuts by the BoC are likely to arrive before the Fed The Canadian Dollar (CAD) has been under pressure from a combination of a stronger USD, a slowing economy and rising expectations for an easing in monetary policy.

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Jan 24, 2024

Mexican Peso to see high demand in the dips – ING

USD/MXN is now in the 17.20 area. Economists at ING analyze Mexican Peso’s outlook.

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