 Canadian Dollar weakens broadly in early US session, sparked by data indicating a stronger-than-anticipated progress in disinflation. Headline CPI fell below the 3% mark, accompanied by significant easing in core inflation measures. This development potentially opens the door for BoC to consider an interest rate cut sooner than anticipated, with the second quarter now appearing as a viable window for such a policy adjustment. Conversely, Euro surges earlier today, buoyed by data from ECB's wage tracker that reported only a marginal decrease in wage growth. Although this slight dip may be viewed as a positive sign, it does not sufficiently alleviate pressures to prompt an immediate rate cut in March. With wage pressures remaining on the higher side, a rate cut by ECB is more feasibly expected around June rather than April... |
