USD/CAD advances as the US-Iran conflict and tensions in the Strait of Hormuz heighten market anxiety. Lowers September rate hike odds following an unexpected decline in Nonfarm Payrolls for July. Rebounding WTI prices may provide underlying support for the commodity-linked Canadian Dollar. USD/CAD recovers after experiencing losses exceeding 0.5% the previous day, currently trading near … Read more
USD/CAD softens to approximately 1.4165 during Thursday’s Asian session. US and Iran exchange strikes for a second consecutive day following Trump’s declaration that the ceasefire is ‘over.’ Traders increased their expectations regarding a potential interest rate hike by the Bank of Canada this year. The USD/CAD pair declines to approximately 1.4165 during the Asian trading … Read more
USD/CAD softens to near 1.4205 in Wednesday’s Asian session. Iran’s Pezeshkian stated that there will be no negotiations regarding ballistic missiles. Traders are increasing their positions in anticipation of a US interest rate increase this year. The USD/CAD pair declines to approximately 1.4205 during the Asian trading hours on Wednesday. Nonetheless, the potential downside for … Read more
The USD/CAD currency pair has encountered resistance just below the 1.3700 mark, following a rebound from weekly lows that dipped beneath 1.3600. The Bank of Canada is anticipated to maintain interest rates at 2.25%, projecting a temporary inflationary surge. The Federal Reserve is expected to maintain its current interest rates, amid uncertainties surrounding Chairman Powell’s … Read more
USD/CAD continues its decline from 1.3713, approaching six-week lows at 1.3635. There is a sense of moderate optimism regarding the negotiations between the US and Iran, which is contributing to a defensive stance for the US Dollar. On Wednesday, the Bank of Canada and the Federal Reserve will announce their monetary policy decisions. The US … Read more
USD/CAD shows resilience, approaching 1.3645 during the Asian session on Wednesday. In January, Canada’s annual inflation rate decreased to 2.3%, coming in below expectations. Market participants prepare for the release of the FOMC Minutes later on Wednesday. The USD/CAD pair is showing an upward movement, reaching approximately 1.3645 in the Asian trading session on Wednesday. … Read more
