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Canada: Foreign investment in Canadian securities slowed to $2.2 billion in May

"Foreign investment in Canadian securities slowed to $2.2 billion in May, down from $9.1 billion in April," Statistics Canada reported on Monday.

Key quotes from the official press release

  • Meanwhile, Canadian investors resumed their investment in foreign securities by adding $5.7 billion worth to their holdings, mainly in foreign bonds.
  • The investment pattern in May, both inward and outward, reflected acquisitions of bonds and reductions in holdings of equities.
  • Overall, Canada's international transactions in securities generated a net inflow of funds of $4.6 billion in the Canadian economy in the first five months of 2018, compared with a net inflow of $72.8 billion for the same period in 2017.

NY Fed: Empire State Manufacturing Index eases to 22.6 in July from 25 in June

"The headline general business conditions index edged down by over two points to 22.6—still a high level, suggesting a continuation of robust growth,"
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EUR/USD Technical Analysis: Slow and steady grind keeps EUR/USD above 1.1700 mark

EUR/USD 15-minute chart  Spot rate:              1.1716 Relative change:   0.26%   High:                     1.1726 Low:                      
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