An increase of the indicator value may contribute to the rise in quotes of CAD.
AUDCAD
Australian dollar / Canadian dollar
Indicators
Chart
News AUDCAD
An increase of the indicator value may contribute to the rise in quotes of AUD.
Markets forecast the Reserve bank of Australia to cut rates at least five times by September, while fully pricing a 0.5% reduction at the meeting in May. Earlier in April, the bank held rates steady at 4.1%.
The Canadian dollar recorded its strongest gain against the greenback in nearly three months on Wednesday after an unexpected United States trade policy shift improved global economic prospects, Reuters reports.
The Bank of Canada has released a concerning survey showing a sharp rise in recession fears among businesses and consumers. The share of firms predicting an economic downturn in the next year surged from 15% to 32% in just three months, the central bank reported.
Event announcement AUDCAD
The CAD publication is expected
CPI (MoM)
1.1%
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AUDCAD economy
Australia
Canada
Central Bank interest rate
Gross domestic product
Unemployment rate
Retail sales
Trade balance
Inflation
Business confidence