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 […]