According to Jeremie Peloso, Chief Europe Strategist at financial advisory firm BCA Research, the euro is in the early stages of a multi-year bull market that could eventually take EUR/USD to 1.40.
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According to the Bundesbank’s report, German exporters have lost much of their global market share since 2021, primarily due to the country's declining competitiveness. A key driver behind the sharp drop in German exports between 2021 and 2023 was worsening supply-side conditions.
Five senior European Central Bank officials said that the US President's threat to impose 30% tariffs on European imports complicates the regulator's decision-making process. However, they said this is unlikely to derail plans to pause rate cuts next week.
The European Union (EU) plans to strengthen cooperation with other countries affected by US President Donald Trump's import tariffs, following new trade threats against the bloc and America's other trading partners, Bloomberg reports.
According to a survey of experts conducted by BNN Bloomberg, inflation in Canada is expected to rise to 1.8–2.0% in July. This is due to increasing prices of goods subject to tariffs imposed by the US.
Event announcement EURCAD
The CAD publication has been released
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