USDCAD USD/CAD
- 1.36862
- -0.00030-0.02%
USD/CAD News
Fed officials reiterated the need to see more evidence of inflation before cutting interest rates.
Federal Reserve officials reiterated that they hope to see more evidence that inflation is moving toward its 2% target before they can confidently begin to lower interest rates.
USD/CAD Extends Downside Under 1.3700 Ahead of US PMI Data
The USD/CAD pair remains under some selling pressure around 1.3690 during the early Asian session on Friday.
Fed's Barkin: Fed Well-positioned With Necessary Firepower
Federal Reserve (Fed) Bank of Richmond President Tom Barkin spoke to reports late Thursday, noting that the Fed has sufficient firepower to address policy issues looking forward, but will have to maintain a strict data-dependent approach as policymakers look to time rate cuts appropriately.
Forex Today: All the Looks Will Be on PMI Reports
The USD Index (DXY) rose to four-day highs near 105.70 on the back of the rebound in US yields across the curve and the dominating risk-off mood in the FX galaxy.
Canadian Dollar Finds a Bounce on Thursday, Extends Meager Gains
The Canadian Dollar (CAD) found some room on the high side on Thursday, adding to the week’s thin gains.
US Dollar Strengthens Alongside Higher US Treasury Yields
On Thursday, the US Dollar, as gauged by the Dollar Index (DXY), saw significant strength on the back of rising US Treasury yields.
The Bank of Canada had considered waiting until July to cut interest rates.
The central bank's management committee of six members considered waiting for more consumer price data to "further confirm" that it was time to start easing monetary policy. Ultimately, they decided to cut the policy rate to 4.75% at the meeting on June 5. A summary of these deliberations was released on Wednesday.
USD/CAD Price Analysis: Backs Down to 50-day SMA After Triangle Breakout
USD/CAD has continued pulling back after decisively breaking out of a Symmetrical Triangle (ST) pattern on the daily chart.
US Dollar Overlooks Jobless Claims Miss, Deeper Current Account Deficit
The US dollar maintained gains over most other major currencies in early North American trade on Thursday even after weekly unemployment claims came in higher than was expected, and the current account deficit deepened.
In the week of June 15th, the USA first applied for 238,000 people, a decrease of 5,000 from the previous month.
The number of new hires has slightly increased, with the 4-week moving average reaching the highest level since September of last year.
US Initial Jobless Claims Falls Less Than Expected in Week Ended June 15
Initial claims were at a level of 216,000 in the May 18 employment survey week.
Survey: Inflation causes 46% of Americans to struggle to maintain a balance between income and expenses.
According to a latest public opinion survey, nearly half of Americans reported that recent inflation surges have made it difficult for them to maintain a balanced income and expenditure. The survey, released by Monmouth University on Wednesday, showed that 46% of Americans are currently struggling to maintain their financial situation, which is the highest record since President Biden took office and far exceeds the level during the previous administration. Monmouth University stated in its report, 'The percentage falls between 37% and 44% in public opinion surveys conducted between 2022 and 2023. In contrast, the
USD/CAD Trades Stronger Above 1.3700 on the Modest Rebound of US Dollar
The USD/CAD pair trades with mild gains around 1.3710, snapping the four-day losing streak during the early Asian trading hours on Thursday.
Canadian Dollar Gives Mixed Performance on Holiday-thinned Wednesday
The Canadian Dollar (CAD) is treading water on Wednesday, trading within a scant tenth of a percent against its largest peer — the US Dollar (USD). US markets are shuttered for the midweek Juneteenth holiday, thinning out market volumes as investors look ahead to key data prints on Friday.
Dollar Index to Trade in Range – OCBC
USD traded modestly softer as US retail sales disappointed. Fed speakers are hesitant to define the date for the next rate cut, OCBC FX Strategist Christopher Wong notes.
USD/CAD Price Analysis: Stuck in Tight Range Above 1.3700
The USD/CAD pair trades in a tight range but comfortably holds the crucial support of 1.3700 in Wednesday’s European session.
Federal Reserve officials emphasize the need for more evidence of cooling inflation and remain cautious about the timing of a rate cut.
Zhixun Finance and Economics app learned that on Tuesday, Federal Reserve officials unanimously emphasized the need for more evidence of inflation cooling before interest rate cuts. Several officials also provided insight into the timing of interest rate cuts. Adriana Kugler, a member of the Federal Reserve Board of Directors, said that if the economic situation develops as she expects, it may be appropriate for the Federal Reserve to cut interest rates "later this year." Alberto Musalem, President of the St. Louis Federal Reserve, stated in his first important policy speech that it may take "several quarters" of economic data to support a rate cut. New York Federal Reserve President Williams (Joh
USD/CAD Extends Downside Below 1.3750 on Weaker Retail Sales
The USD/CAD pair trades in negative territory for the fourth consecutive day around 1.3715 during the early Asian session on Wednesday.
Expected to increase by 27%: the Congressional Budget Office estimates that the US government's budget deficit will be nearly $2 trillion this year.
The Congressional Budget Office (CBO) estimates that within the decade leading up to 2034, the annual deficit will be equal to or exceed 5.5% of GDP, the first time it has remained at a high ratio for over five years since 1930. The CBO expects the Federal Reserve's interest rate cut to be postponed from mid-year to the first quarter of next year.
Fed Members Cool On Raising Interest Rates: 'These Conditions Could Take Months, And More Likely Quarters To Play Out'
Members of the Federal Reserve have indicated that they are in no rush to raise interest rates in speeches given on Tuesday.