USDCAD USD/CAD
- 1.36241
- +0.00131+0.10%
USD/CAD News
EUR/USD, GBP/USD, USD/CAD, and USD/JPY technical analysis
EUR/USD failed to settle above the 1.0870 - 1.0885 resistance level. GBP/USD continues to attempt a settlement above 1.2700. USD/JPY climbed above 156.00 as traders focused on rising US Treasury yields.
The Federal Reserve Board “releases an eagle”! The US neutral interest rate may be higher than in the past ten years, and interest rates may only be cut once in 2024
Atlanta Federal Reserve Chairman Bostic believes that the inflation rate will continue to fall this year and 2025, but the rate of decline in inflation will be lower than many people expected.
US Dollar Ebbs in Europe as Kiwi and Swedish Krona Underperform
The US dollar was struggling for traction near the prior week's lows against many major currencies in early European trade on Monday as global markets looked ahead to a series of scheduled speeches from Federal Reserve officials.
US Dollar Extends Retracement on Fed-packed Monday
The US Dollar (USD) is starting the week as it closed off the previous week: with some easing. Equities are on the front foot this Monday while commodities are trading higher, pushing the Greenback into some easing.
Narrow Dollar Range Likely to Remain for Now - Goldman
The U.S. dollar is trading in a calm fashion against the majors of late, and these narrow ranges will likely stay for a while longer, according to Goldman Sachs (NYSE:GS), with divergence having to wait.
USD/CAD Extends Its Downside Below 1.3610 Ahead of Canadian CPI Data.
The USD/CAD pair extended its downside around 1.3605 during the early European session on Monday.
Investment banks have different opinions on whether or not the Bank of Canada will cut interest rates in June. The market is likely to predict 40%!
Forecasters expect that this week's data will show Canada's CPI decline in April, but financial markets are still uncertain whether the Bank of Canada will cut interest rates in June. The Bank of Montreal said that the Bank of Canada may need to see lower levels of inflation to persuade it to cut interest rates in June. The financial market currently believes that the possibility that the Bank of Canada will cut interest rates in June is about 40%. Meanwhile, some economists insist that interest rates will be cut in June, such as the Royal Bank of Canada.
Service inflation, commodity deflation! Big Short: The Federal Reserve is making huge policy mistakes
Albert Edwards, a strategist at Société Générale, said that while service inflation is still sticky, commodity inflation has dropped significantly, indicating that the Federal Reserve's monetary policy has been excessively tight, and the pursuit of a 2% inflation target may even lead to a recession.
Has the US run out of excess savings, and is spending peaking?
The inflation data for the next two to three months will basically determine the general pace and direction of interest rate cuts during the year.
Allianz Chief Economic Adviser Mohamed: The Federal Reserve has more reasons to delay interest rate cuts
According to Allianz chief economic adviser Mohamed El-Erian, there is a risk that the Federal Reserve's practice of delaying interest rate cuts to curb inflation will fall behind the situation
Peggy Investments: The Federal Reserve is expected to cut interest rates three times in the next eight meetings
Analysts at Peggy Investments say they expect the Federal Reserve to cut interest rates three times in the next eight meetings
The US CPI report cools down and is indifferent! The Federal Reserve's “Eagles” senior official Bauman speaks out again
In his latest speech, Bauman did not mention more data released this week, particularly the US CPI for April. Compared to a week ago, the latest data showed that the US CPI data for April gave a signal of cooling down, but she didn't seem to be moved by it.
Canadian Dollar treads water on tepid Friday
The Canadian Dollar (CAD) traded softly on a low-volatility Friday, sticking close to the midrange.
BlackRock executive Rieder thinks curbing inflation requires cutting interest rates rather than raising interest rates
BlackRock's Rick Rieder suggests something contrary to conventional wisdom: the best way for the Federal Reserve to contain inflation is to lower interest rates rather than keep them higher.
Canadian Inflation Expected to Show Further Cooling in April -- Market Talk
Next week's Canadian inflation report for the April will be the last major data before the central bank's June 5 rate decision and, baring an upside surprise, is likely to reinforce that soft economic conditions and labor market warrant a quarter-point cut, Royal Bank of Canada's Nathan Janzen and Carrie Freestone say.
USD/CAD Price Analysis: Extends Recovery to 1.3640
The USD/CAD pair rises further to 1.3640 in Friday’s European session. The Loonie asset capitalizes on strong recovery in the US Dollar that is driven by hawkish guidance on interest rates by Federal Reserve (Fed) officials.
US Dollar Continues Long Road to Recovery Despite Slew of Softer Data
The US Dollar (USD) is continuing its recovery on Friday for a second day in a row after the steep decline seen on Wednesday, which marked this week for the Greenback.
BlackRock's Rieder Says Cut, Not Hike, Would Tame US Inflation
Rieder pointed to sticky inflation across service sectors, like auto and health insurance, as evidence.
Dollar Expected to Be Supported Near Term, Might Weaken Over Medium Term -- Market Talk
The U.S. dollar should weaken further over the medium term, UBS strategists say in a note. "While the U.S. dollar may be supported in the near term as the European Central Bank and the Bank of England are likely to start lowering rates ahead of the Fed, we expect modest USD depreciation as growth outside the U.S. improves," they say.
The US economy started weakly in the second quarter, and the Fed's interest rate cuts have stabilized again?
A series of reports released this week showed that the US economy started slowly in the second quarter, further proving that demand is cooling down, which will help lay the foundation for the Federal Reserve to cut interest rates.