Geopolitics Alpha

Canadian Dollar weakens as US PCE inflation and GDP back hawkish Fed bets

Published . Updated .

GEOPOLITICS ALPHACanadian Dollar weakens as US PCEinflation and GDP back hawkish FedbetsGEOPOLITICS ALPHA

This report is about inflation and prices and US interest rates.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TIP iShares TIPS Bond ETF-0.5% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XLP Consumer Staples Select Sector SPDR-4.0% 16d

    Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • EWC iShares MSCI Canada ETF+0.3% 30d

    iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Canada

  • EFA iShares MSCI EAFE ETF-2.2% 11d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Canada

  • WMT Walmart+14.9% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • JPM JPMorgan Chase-4.3% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TIPNo price data for this ticker———————
XLPNo price data for this ticker———————
TLT+0.89%+0.83%base+0.66%+1.04%after closeafter close
EWCNo price data for this ticker———————
BWXNo price data for this ticker———————
EFANo price data for this ticker———————
WMTNo price data for this ticker———————
JPM-0.85%-1.58%base+1.13%-0.67%after closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Canadian Dollar weakens as US PCE inflation and GDP back hawkish Fed bets FXStreet

Source: FXStreet

This story

CompanyWhenMoveStatus
JPMthat day+1.13%final price
JPMthe next day-0.67%final price
JPMthree days earlier-1.58%final price
JPMfive days earlier-0.85%final price
TLTthat day+0.66%final price
TLTthe next day+1.04%final price
TLTthree days earlier+0.83%final price
TLTfive days earlier+0.89%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Canadian Dollar weakens as US PCE inflation and GDP back hawkish Fed bets” scores 12 out of 100. The score uses 1 sources.