CAD

Good morning. The dollar is back on the defensive as investors digest weekend comments from President Donald Trump, who threatened tariffs on European countries that do not support his push to acquire Greenland and later sent a letter to foreign embassies linking the move to Norway’s refusal to award him the Nobel Peace Prize. US markets are closed for the Martin Luther King holiday and liquidity conditions are thin, but the greenback is trading roughly a quarter-percent lower against a basket of its rivals, and the euro is climbing even as European leaders prepare a package of retaliatory measures. The...

Consumer price growth accelerated by slightly less than expected in the United States last month, helping lower short-term yields and putting downward pressure on the dollar. According to data published by the Bureau of Labor Statistics this morning, the core consumer price index—with highly-volatile food and energy prices excluded—rose 0.2 percent in December from the prior month, and was up 2.6 percent over the same period a year prior. This narrowly missed consensus estimates among economists polled by the major data providers ahead of the release. On a headline all-items basis, prices climbed 0.3 percent month-over-month, and were up 2.7...