USD/CAD Price Analysis: BoC’s Rate Cut Plan Weighs on Loonie
The Bank of Canada last week became the first G7 central bank to cut interest rates. Investors are pricing in a 55% chance the Bank of Canada will cut rates…
The Bank of Canada last week became the first G7 central bank to cut interest rates. Investors are pricing in a 55% chance the Bank of Canada will cut rates…
The USD/JPI outlook is weakening as the BoJ said it will continue to buy government bonds at the current rate. The dollar was strong due to safe haven inflows from…
The dollar fell on Wednesday after weaker-than-expected consumer inflation data. Fed policymakers had forecast just one rate cut in 2024. Data on Thursday showed a stronger-than-expected rise in Australian employment…
Data showed that US consumer prices were unchanged in May. Experts believe that the decline in inflation could continue as major US retailers cut prices on goods. After the inflation…
The EIA updated its demand growth forecasts to project a more positive outlook. A larger-than-expected drop in US crude inventories signaled rising demand. Investors are positioning for the US CPI…
Investors were cautious ahead of the US inflation report and the FOMC policy meeting. Economists expect headline inflation to fall from 0.3% to 0.1% in May. GDP data on Wednesday…
Investors shifted their focus to upcoming consumer inflation numbers. Economists expect softer US inflation numbers this month. Sentiment in Japan's service sector fell in May. USD/JPI price analysis shows strong…
The dollar remained strong after a recent rise in Treasury yields. All eyes are on the CPI report and the Fed meeting. Data from Australia on Tuesday revealed weaker business…
The US created more jobs in May than economists had predicted. The unemployment rate in the US rose from 3.9% to 4.0%. The Fed's total rate cuts expected this year…
There were political tensions after French President Emmanuel Macron called for early elections. The euro suffered while the dollar strengthened after Friday's non-farm payrolls report. Markets have reduced expectations for…