{"id":94741,"date":"2024-11-08T11:42:00","date_gmt":"2024-11-08T09:42:00","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=94741"},"modified":"2024-11-08T11:42:32","modified_gmt":"2024-11-08T09:42:32","slug":"canadas-october-employment-data-to-shake-the-loonie","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/zh\/canadas-october-employment-data-to-shake-the-loonie\/","title":{"rendered":"Canada\u2019s October employment data to shake the Loonie"},"content":{"rendered":"

The USD edged lower yesterday against its counterparts, relenting some of the gains made by the election of Donald Trump as President of the US. It should be noted that the greenback lost ground despite the Fed cutting rates as expected yet may have been more hawkish than expected in its forward guidance. In its  <\/a>, the bank removed the line stating that “the Committee has gained greater confidence that inflation is moving sustainably toward 2 percent\u201c. The removal may be interpreted as a signal that we may see renewed inflationary pressures, causing the bank to slow down its rate-cutting path. Yet Fed Chairman Powell seemed to dismiss such an assumption in his press conference. Furthermore, we highlight that the bank seems determined to defend its independence from the newly elected US President, as the Fed Chairman clearly stated that he would not resign if asked for by Donald Trump.<\/p>\n\n\n\n

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