Free Sign Up Already have an account? The forex fail remained under pressure against a basket of major currencies despite strong producer inflation data as an ongoing rally in the Canadian dollar continued to weigh on the greenback.
The PPI data came a day ahead of the consumer price index data, which will likely be scrutinised to assess whether the uptick in input prices spurred consumer inflation. Talks to rework NAFTA were reportedly not advanced enough for the United States, Mexico, and Canada to announce a deal in principle at this month’s Summit of the Americas in Lima, which gets underway April 13. 25 eased downside momentum in the dollar basket as trade-war fears faded amid comments overnight from China’s president Xi Jinping. Xi said that China would lower import tariffs on vehicles, encourage imports and strengthen the protection of intellectual property. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Only post material that’s relevant to the topic being discussed.
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