Canada: Ivey PMI drops to 51.1 in February

A disappointing figure was released today, with Canada Ivey PMI falling from 58.9 to 51.1 in February. Analysts were expecting data to ease to 57.5.

Mar 6, 2013

Forex: USD/CAD soars after BoC

The Canadian dollar weakened sharply versus the greenback after the BoC decided to keep its monetary policy unchanged, with the main rate at 1%, but sounded more dovish than expected: "the considerable monetary policy stimulus currently in place will likely remain appropriate for a period of time, after which some modest withdrawal will likely be required".

Forex Flash: NZD/USD rallies on surging milk prices – BNZ

Despite a string of NZD ‘positives’, including an on-hold RBA, surging milk prices, and upbeat global risk sentiment, the NZD/USD has only managed to settle back near opening levels Wednesday.