USD/CAD Outlook: Oil Rally Sparks Canadian Dollar Rebound
A rise in oil prices on Tuesday led to a slight recovery in the Canadian dollar. Companies in Canada expect low demand over the next year. The data revealed a…
A rise in oil prices on Tuesday led to a slight recovery in the Canadian dollar. Companies in Canada expect low demand over the next year. The data revealed a…
China reported an expansion in manufacturing activity after six months of contraction. The US reported the first expansion in manufacturing activity in more than a year and a half. Markets…
The core PCE price index showed an inflation increase of less than 0.3%. Markets have increased the odds of a Fed rate cut in June from 57% to 68.5%. The…
Japanese authorities were concerned when the yen fell to a 34-year low on Wednesday. Suzuki reiterated his warning that he would react to any excessive currency swings. The dollar was…
The Fed's Waller said recent inflation readings support a delay in rate cuts. The probability of a Fed rate cut in June has dropped to 60%. BoE's Jonathan Haskell cautioned…
The yen rallied as investors turned cautious amid warnings of intervention. Masato Kanda warned that authorities will do whatever it takes to support the yen. Economists believe that US GDP…
The gold price bias is bullish, despite the latest pullback. US data should bring big action today. The upper midline (uml) is seen as a potential target. The price of…
Despite the upbeat Spanish CPI, EUR/USD remains under selling pressure. Markets await the final US GDP price index for new momentum. Technically, the 1.0800 level provides strong support. The EUR/USD…
Headline inflation in Australia increased by 3.4% in February. The odds of an RBA rate cut in August have risen to 68%. There is a 71 percent chance the Fed…
The BoC's Carolyn Rogers urged companies to boost productivity by supporting investment. Data from Canada revealed a 0.8% increase in wholesale trade in February. The dollar was steady as investors…