Canada’s foreign portfolio investment hit $4.62bn in March, missing the $11.4bn forecast amid weaker buying.
Canadian portfolio purchases of foreign securities plunged to $3.9bn in March from $25.36bn previously.
New York’s Empire State Manufacturing Index surged to 19.6 in May, easily beating forecasts of 7.5.
TD Securities now sees no Fed cuts in 2026; June turns hawkish, easing bias removed, dollar soft.
Dollar Index climbed as Treasury yields hit new highs; retail sales steady; GDPNow upgraded; Brent oil rose.
USD/CAD hit monthly highs above 1.3750 as risk-off sentiment, rising yields, and Fed hike odds lifted dollar.
Copper hits record above $14,000/tonne as energy transition demand, looming US tariffs and tight supply support prices.
Europe nears “global euro moment,” but fragmented capital markets and unused savings still constrain the euro’s role.
NZD/USD hit two-week lows near 0.5840, pressured by risk-off sentiment, rising yields, weak PMI data.
Trump discussed fentanyl with Xi, touted big China purchases, weighed Iran oil sanctions, and Taiwan arms decisions.
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