USD/CAD refreshes multi-year peak, 1.4200 remains in sight on larger BoC rate cut bets – FXStreet
USD/CAD traded with a positive bias for the third day in a row, rising to multi-year highs. The central bank's sharp interest rate cuts and bets on a modest fall in oil prices have weakened the loonie. Ahead of Wednesday's U.S. consumer price index and central bank decisions, the U.S. dollar's price movements have been […]
USD/CAD consolidates near weekly high, around 1.4070 as traders await Powell’s speech – FXStreet
USD/CAD has no clear direction during the day and is influenced by a combination of divergent forces. An overnight rise in oil prices and a reduction in bets that the central bank will cut deep interest rates are supporting the loonie. USD bulls continue to wait and see ahead of Fed Chair Jerome Powell's speech […]
USD/CAD finds temporary support below 1.4000, Canadian Q3 GDP in focus – FXStreet
USD/CAD provided a temporary cushion around 1.3980 as investors await Canadian monthly data and Q3 GDP data. Canada's economy is estimated to have grown 1% compared to the same quarter in the precious year, slower than the 2.1% growth in the second quarter. Given the strong fundamental outlook, the US dollar could rebound. The USD/CAD […]
USD/CAD drops even though US Dollar rebounds, Canadian Q3 GDP in focus – FXStreet
The Canadian dollar strengthened on expectations for healthy trade negotiations with the US, while the USD/CAD pair fell. Economists expect Canada's economy to grow by 1% in the third quarter of this year. The US dollar recovered despite slow trading due to Thanksgiving. Despite decent recovery moves in the US dollar (USD), the USD/CAD pair […]
USD/CAD trades around 1.3900 after pulling back from all-time highs, awaits Fed decision – FXStreet
USD/CAD could rise as the US dollar (USD) receives support from President Trump's trade. U.S. Treasury yields rose to 4.31% and 4.47%, respectively, on Wednesday, their highest levels since July, before adjusting lower. Commodity-linked CAD is supported by rising oil prices. USD/CAD retreated from the all-time high of 1.3958 reached in the previous session. The […]
USD/CAD holds steady above mid-1.3500s, eyes 200-day SMA amid modest USD strength – FXStreet
USD/CAD is regaining some positive momentum amid continued USD buying interest. Weak oil prices have weakened the Canadian dollar, providing further support to major currencies. Traders are now focused on a speech by Bank of Canada Governor Macklem ahead of the release of the U.S. Consumer Price Index on Wednesday. In the Asian session on […]
US Dollar Forecast: Bullish Bias Prevails; Setups on EUR/USD, USD/JPY, USD/CAD – DailyFX
Most read: USD/JPY rose on strong US PPI, but talk of foreign exchange intervention may limit upside Earlier this year, market consensus suggested the Fed would implement about 160 basis points of easing in 2024. But those dovish expectations have waned this month on the back of better-than-expected U.S. job growth and solid inflation data, […]
USD/CAD soars to a two-month high after hot US inflation – ForexLive
USD/CAD has broken out of its 2024 range as the US dollar soars across the board. Previously, the pair stalled around 1.3540 three times, but finally broke through with a 115-pip jump. USDCAD daily Oil is up 50 cents today, so Canada is getting some help on that front, but natural gas continues to hold […]
GBP/USD Regains Strength While USD/CAD Dips Again – Action Forex
GBP/USD has started a new rally above the 1.2625 zone. USD/CAD is declining and trading below the support at 1.3415. Key points from today’s GBP/USD and USD/CAD analysis GBP is aiming for further gains above the 1.2755 resistance. On FXOpen’s GBP/USD hourly chart, there was a breakout above a major bearish trend line with resistance […]
US Dollar Forecast: EUR/USD, USD/JPY, USD/CAD & AUD/USD’s Path Tied to US PCE – DailyFX
US dollar forecast – EUR/USD, USD/JPY, USD/CAD, AUD/USD of USD It has rebounded recently, helped by a hawkish reassessment of Fed policy. compared to what was expected earlier this year outlook FOMC The start of reducing borrowing costs at the March meeting also tapered off, strengthening the US dollar's recovery All eyes will be on […]