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