EUR/CAD

President Donald Trump has decided not to extend the USMCA trade agreement and will instead pursue independent trade deals with Canada and Mexico, FOX Business has learned. Wednesday marked the deadline for the six-year review, and a Trump administration official told FOX Business that the president opted against extending the U.S.-Mexico-Canada Agreement ...

ECB’s Stournaras: Maybe good to stay where we are for some time. ECB’s Stournaras: I don't think anything will happen in July ECB’s Stournaras: We must monitor indirect effect of war on prices.

We maintain our view that second-round effects from the war in the Middle East are likely to push inflation higher for the remainder of the year, though those risks have also eased with the rapid drop in oil prices to levels not much higher than a year ago. June flash inflation: Inflation slowed to 2.8% y/y in June, down from 3.2% y/y in May. Bloomberg ...

European Central Bank President Christine Lagarde said on Wednesday that upside risks to inflation and downside risks to growth in the euro area had become "more broadly balanced" in recent weeks. Speaking during a panel discussion at the ECB Forum on Central Banking in Sintra, Portugal, Lagarde said that "risks, [...] that we have to the upside on ...

New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, “I ...

WARSH: HAVE NOT CHANGED VIEW ON BALANCE SHEET IN FIRST FOUR WEEKS AT FED Fed's Warsh: It's no secret I wanted the Fed's balance sheet to be smaller. Fed's Warsh: Fed will remain independent after the Supreme Court.

FED'S WARSH: WILL LIKELY HAVE NEWS NEXT WEEK ON LEADERS OF TASK FORCES FED'S WARSH: WILL ASK BEST MINDS FROM INSIDE AND OUTSIDE THE U.S. Fed's Chair Warsh: The Fed stands for staying in its lane on monetary policy. Fed's Chair Warsh: Have been focused on monetary policy in the first four weeks. Fed's Chair Warsh on Productivity: If the last 4 quarters are an indication, there is reason to be optimistic. WARSH: FORWARD GUIDANCE NOT RIGHT POLICY FOR CURRENT MOMENT

Fed's Chair Warsh: We're in the price stability business. FED'S WARSH: LABOR MARKETS ARE STEADY || SUPPLY SIDE SOLID FED'S WARSH: INFLATION RISKS HAVE COME DOWN FED'S WARSH: WE'LL BE AN INDEPENDENT CENTRAL BANK FED'S WARSH: NO CHANGES IN INDEPENDENCE Fed's Chair Warsh: If models are an obstacle to good policy, get rid of them.

LAGARDE: NOT IN STAGFLATION MORE ECB'S LAGARDE: CONDITIONS THAT LED TO STAGFLATION IN THE 1970'S ARE NOT IN PLACE NOW; EU UNEMPLOYMENT NEAR A RECORD LOW #ecb #europeancentralbank #monetarypolicy #christinelagarde #sintraconference #interestrates #inflation

Fed's Chair Warsh: Expanded supply would have huge implications for policy. Fed's Chair Warsh: The US not afraid of productivity-led economic growth. *WARSH: SERIOUS QUESTION OVER TIMING OF AI IMPACT ON JOBS WARSH SAYS HAVE TO DELIVER BOTH ON EMPLOYMENT AND STABLE PRICES