Canadian Dollar drops as new US tariffs and lower-than-expected inflation take their toll.
The exchange rate between the US dollar and the Canadian dollar is currently favorable as the US dollar holds strong amid rising tensions in the Middle East. However, the Canadian dollar is also feeling the strain from renewed trade disputes with the US. As of now, the exchange rate sits around 1.4084, marking a second […]
EUR/USD retains losses after lower-than-expected Eurozone HICP figures
As of now, the EUR/USD has settled at 1.1715, marking a retreat from its peak above 1.1800 earlier this week. The U.S. dollar has gained a bit of strength, especially following the release of the delayed jobs data, while European indicators such as German business confidence and inflation figures failed to impress. The final consumer […]
USD/JPY rises to near 143.00 following lower-than-expected Japan GDP data – FXStreet
USD/JPY snapped a four-day losing streak following weak Japanese GDP data on Monday. Friday's U.S. labor data reduced the chances of a bold Fed interest rate cut in September. The CME FedWatch tool suggests the probability of a 50 basis point Fed rate cut has slightly decreased to 29.0%. USD/JPY halted a four-day losing streak […]
Delta shares plunge after lower-than-expected profit forecast despite surge in travel
Delta Air Lines shares fell more than 5% on Thursday after the airline forecast weaker-than-expected quarterly profit despite a surge in travel demand this summer. Atlanta-based airline Delta forecast adjusted earnings per share of $1.70 to $2.00 for the third quarter ending in September, below analysts’ expectations of $2.05, and blamed discounting pressures at the […]