Paying particular attention to the greater number of households carrying high levels of mortgage debt

The Bank of Canada said on Thursday that it is paying particular attention to the fact that a greater number of Canadian households are carrying high levels of mortgage debt, reported Reuters. Additional Takeaways: Financial system vulnerabilities have become more complex, and risks have become more elevated. Vulnerabilities associated with elevated house prices increased further … Read more

AUD/USD stays depressed below 0.7200 amid mixed China PMI, firmer USD

AUD/USD takes offers to refresh intraday low, snaps three-day uptrend around the highest levels since May 05. China’s official NBS Manufacturing PMI meets consensus, Non-Manufacturing PMI eased in May. Risk appetite remains firm but yields underpin USD rebound during full markets. Second-tier US data, risk catalysts eyed ahead of Wednesday’s Aussie GDP, Friday’s US NFP. … Read more