USD/CAD Outlook: Downbeat Data Weakens Canadian Dollar
The data revealed that the Canadian economy added just 14,500 jobs. Market participants estimate a 60% chance of a 50 bps BoC rate cut in December. Traders are eagerly awaiting…
The data revealed that the Canadian economy added just 14,500 jobs. Market participants estimate a 60% chance of a 50 bps BoC rate cut in December. Traders are eagerly awaiting…
Republican candidate Donald Trump won the US presidential election. The Bank of England cut interest rates by 25 basis points as expected. Next week, the US will release data on…
The Reserve Bank of Australia kept rates unchanged, maintaining its cautious tone. Trump's victory was bullish for the dollar as his policies could raise inflation and interest rates. The US…
The risk-sensitive Australian dollar surged after Trump won the US election. The US central bank cut borrowing costs by 25 basis points. A Trump presidency is likely to lead to…
The Bank of England cut rates by 25 basis points. Markets expect two to three BoE rate cuts in 2025. The Federal Reserve also cut borrowing costs by 25=bps. The…
The dollar had a strong bullish day on Wednesday after Trump won the election. Market participants are preparing for a rate cut during the FOMC policy meeting. The US reported…
Trump won the US presidential election. The Federal Reserve is likely to cut rates by 25 bps later today. The probability of a December Fed rate cut fell from 77%…
It is clear that Trump will be the next president. Economists predict slower job growth in Canada. Market focus shifts to the FOMC policy meeting. USD/CAD price analysis points to…
The vote reveals that Trump will be the next president of the United States. Data on Friday revealed a poor performance in the US labor market. The Bank of England…
Kamala Harris became more popular, which led to the unwinding of the Trump trade. Market participants await the FOMC policy meeting. Experts believe that Trump's policy changes will increase inflation.…