Financial News

America's Roundup: Dollar rises vs yen after Fed minutes, Wall Street ends higher, Gold steadies, Oil settles 1 pct higher on hopes of market rebalance, trade deal-February 21st, 2019

Market Roundup

• Fed policymakers saw little risk from patient stance: minutes

• Fed minutes leave questions on balance sheet, patience

• Trump threatens tariffs on European cars if no EU trade deal

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USD/CAD pair likely to see moderate downside risks, to trade around 1.28 by end-2019

The Canadian dollar has firmed against the US dollar after weakening to a 20-month low at the beginning of this year, noted Lloyds Bank in a research report. The sharp fall and subsequent rebound in Brent Crude prices led the USD/CAD to 1.36 from 1.32 and back.

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U.K. manufacturing sectors outlook remain subdued, shows CBI Industrial Trends Survey

The data released last week had affirmed that the U.K. manufacturing output shrank at the steepest quarterly rate for six years in the fourth quarter of 2018. Following that the CBI’s Industrial Trends survey once again underlined that the outlook for the sector continues to be subdued.

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Euro area consumer sentiment rises modestly in February

Euro area consumer sentiment steadies in January 2019. In the course of 2018, economic confidence had deteriorated considerably with the Commission’s business and consumer indices indicating broadly similar downward adjustments from the peak around the turn of last year.

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U.S. durable goods order likely to have grown strongly in December

U.S. durable goods order data for the month of December is set to release tomorrow. According to a Barclays research report, the overall new orders of advance durable goods are likely to have risen 4.6 percent sequentially in the month, following the 0.7 percent rise in November.

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