USD/CAD Outlook: CAD Strengthens Amid Rising Oil Prices
The Canadian dollar traded near a 5-month high against the US dollar as oil prices rose. Rail operators in Canada have restored service, reducing risks to the economy. The US…
The Canadian dollar traded near a 5-month high against the US dollar as oil prices rose. Rail operators in Canada have restored service, reducing risks to the economy. The US…
The US dollar recovered from the previous session as Israel and Hezbollah exchanged missiles. The Fed chair opened the door to a rate cut in September. BoJ Governor Kazuo Ueda…
Fed policymakers are poised to begin reducing borrowing costs. Investors have increased the likelihood of a 50 bps Fed rate cut. The Central Bank of Great Britain will not rush…
High interest rates could lead to new cracks in the US labor market. US inflation is likely to sustainably reach the 2% target. The BoJ will continue to tighten monetary…
Minutes from Wednesday's FOMC meeting revealed that policymakers are poised to cut rates in September. US business activity fell in August. Powell's speech confirmed the September rate cut and sank…
US business activity fell in August as the manufacturing sector shrank. Powell confirmed that the Fed is likely to cut rates in September. Next week, investors will focus on US…
The BoJ's Ueda reaffirmed his commitment to raising rates if inflation rises sustainably. Economists believe that Japan's central bank will raise rates once again before the end of the year.…
Britain's flash composite PMI revealed an increase from 52.8 to 53.4 in August. The pound rose 2% in August as the dollar weakened. Markets await Powell's speech later in the…
Markets are fully pricing in a September Fed rate cut of 25 basis points following the minutes of the FOMC meeting. Oil prices fell on Wednesday amid growing concerns about…
The dollar fell after Fed minutes confirmed expectations of a September Fed rate cut. Eurozone business activity strengthened in August. Agreed wage growth in the eurozone moderated in the second…