Consumer Prices Tumble in Japan
Consumer prices in Japan tumbled by a record 1.7 percent in June prompting the Bank of Japan to unanimously vote to keep interest rates unchanged at 0.1 percent. More
Canadian Housing Starts Fall 4.1% in July
The number of new housing starts in Canada fell by 4.1 percent in July to a seasonally adjusted annualized rate of 132,100 units. This was below analyst predictions of 145,000 starts. More
Canadian Dollar Continues to Fall
The Canadian dollar opened on a down note for the fourth straight day – its longest losing streak since January.
“The market is somewhat skittish about being too long Canadian dollar and being too short the dollar,†said Jack Spitz, managing director of foreign exchange at National Bank of Canada in Toronto. “The market is looking to sideline positions ahead of a very large slate of tier 1 economic data including the Fed announcement tomorrow.†More
Demand in China Lifts Oil Prices
Renewed demand for oil in China resulted in the importing of a record 4.62 million barrels a day during the month of July. The news lifted the price of US crude by 44 cents to $71.04 by 1213 GMT (8:13 a.m. EDT). London Brent crude gained 33 cents to $73.83. More
