Daily digest market movers: Canadian Dollar finds tepid Monday markets and a limited data docket 에서

18 Jun 2024, 20:12 · Views 99

Canadian Housing Starts rose to 264.5K YoY in May, above the forecast for 247K and rising from the previous period’s revised 241.1K.
However, the CREA’s Canadian Home Price Index fell 0.2% MoM in May and fell 2.4% YoY. The CREA also noted that home sales declined 0.6% MoM in May as activity remains constrained.
The US NY Empire State Manufacturing Index recovered to a four-month high of -6.0 in June, higher than the forecast of -9.0 and well above the previous -15.6. Despite the recovery, the NY Empire index has remained in contraction territory since November of last year.
Tuesday’s US Retail Sales will be the key data release of the early week, and investors will be keeping one eye turned to the news feeds. A slew of policymakers from the Federal Reserve are expected to appear this week.
Wednesday’s Juneteenth US holiday will see a lull in the midweek market flow.

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