Dollar Weakens Before Payrolls as Traders Mull Rate-Cut Risks [Yahoo! Finance Canada]
CREDIT AGRICOLE UNSP/ADR (CRARY)
NASDAQ:AMEX Investor Relations:
credit-agricole.com/en/finance/finance
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Source: Yahoo! Finance Canada
Most Read from Bloomberg “The relative rates story is back in play with soft US economic data encouraging investors to price in greater chance of further Fed rate cuts,” said David Forrester, a strategist at Credit Agricole in Singapore. US retail sales unexpectedly stalled in December, Commerce Department data showed Tuesday, indicating consumers provided less support for the economy as the year drew to a close. Australia's dollar led gains versus the greenback after central bank Deputy Governor Andrew Hauser said inflation is still “too high,” paving the way for more rate hikes. The yen strengthened for a third day after Prime Minister Sanae Takaichi's election victory on the weekend. “The yen remains one of the Group-of-10 currencies the most sensitive to relative rates, and is receiving the additional boost of the long end of the Japan government bond curve being well behaved post the Lower House election,” Credit Agricole's Forrester said. Hedge funds positioned for th
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