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Mortgage applications rose by 11.2%, driven primarily by increased refinancing activity, raising market interest
US mortgage applications rose 11.2%, driven by refinancing, as 30-year rates fell to 6.67% from 6.73%.
Danske Bank’s analysts predict a decline to 1.41 for USD/CAD ahead of a BoC meeting
The consensus forecast for CPI indicates a strong focus on 3.2% Y/Y and 0.3% M/M
Understanding CPI forecast distribution is crucial, as deviations from expected 3.2% Y/Y and 0.3% M/M may impact markets.
The auction yield for Germany’s ten-year bonds was 2.92%, compared to 2.52% previously
Germany’s 10-year bond yield rose to 2.92%, signaling higher borrowing costs and shifting market expectations.
Recent US data pressures the USD; upcoming CPI could provoke fluctuating reactions in USDJPY.
