Nearly 80% of Americans think it’s a bad time to buy a house, according to the Fannie Mae Home Purchase Sentiment Index (HPSI). The index stayed flat in April compared to the previous month as consumers adjust to elevated mortgage rates.
The Canadian dollar weakened against its U.S. counterpart on Tuesday as interest rate differentials continued to count against holding the currency and ahead of a key domestic employment report this week. "The main reason the Canadian dollar is falling is interest rate differentials," said Rahim Madhavji, president at Knightsbridge Foreign Exchange. "The expectation still continues to be that the Bank of Canada is looking to decrease rates in June, and the Fed will also head in that direction but it is definitely in no hurry to do that."
(Bloomberg) -- Currency markets have started pricing in elevated foreign exchange volatility around the US vote on Nov. 5, even with election day almost six months away.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortHigh-Tech Trading Firms Race to Grab Bond Market TurfRussians Are Coming to Terms With Putin’s War in UkraineApple Revamps iPads With AI-Focused Pro Model, Bigger AirThat concern is particularly pronounced in options betting on the Chinese offshore y
