AFTERNOON MARKET OVERVIEW
Canadian dollar pairs are lower across the board following the release of consumer price index levels, which all posted as the market expected, with little immediate reactions across the Canadian pairs.
Canadian core CPI is posted a 0.2% level, down from its previous level of 0.8%. CPI is also posted its expected level of 0.2%, down from its previous level of 1.2%.
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
EURCAD 1.3446 +0.30%, CADCHF 0.9053 -0.29%, USDCAD 1.0257 +0.20%, CADJPY 96.71 -0.18%, GBPCAD 1.5745 +0.11%, NZDCAD 0.8673 -0.03% and AUDCAD 1.0592 -0.03%.
Friday’s release of German producer price index level has realized a lower-tha-expected level of -0.2% (market exp. 0.7%), down from its previous level of -0.1% in March.
Euro pairs are lower against the majority of its major counterparts. The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers.
The euro was higher against the dollar on Friday after an unexpected decline in Spanish industrial orders.
The single currency was 0.32% higher against the greenback at $1.3093 while it was 0.15% lower against the pound at £0.8528.
Spanish Industrial New Orders declined by 5.6%, compared to a fall of 0.8% the previous month which had been revised down from 0.4%. Analysts had expected Spanish Industrial New Orders to fall to 0.2%.
EURNZD 1.5499 +0.33%, EURAUD 1.2693 +0.32%, EURCAD 1.3446 +0.30%, EURGBP 0.8539 +0.19%, EURJPY 130.06 +0.12% and EURUSD 1.3108 +0.09%.
Story provided by StockMarketWire.com