USDCAD USD/CAD
- 1.36650
- -0.00291-0.21%
USD/CAD News
US S&P Global PMIs Preview: Economic Expansion Set to Persist in May
On Thursday, S&P Global will issue its flash estimates of the United States (US) Purchasing Managers Indexes (PMIs), a monthly survey of business activity. The survey is separated into services and manufacturing output and aggregated into a single statistic, the Composite PMI.
Forex Today: US Dollar Loses Recovery Momentum, Eyes on PMI Surveys
The US Dollar (USD) Index seems to have entered a consolidation phase early Thursday after climbing to a weekly high near 105.00 on Tuesday.
Canadian Dollar Gains Ground Above 1.3650 Ahead of US PMI Data
The USD/CAD pair weakens to 1.3682 on Thursday during the early European session.
GF Securities: Inflation is no longer the only consideration for the Fed to cut interest rates. We need to balance inflation and the job market
The Zhitong Finance App learned that Guangfa Securities released a research report saying that Federal Reserve officials generally believe that policy interest rates are in a reasonable position and still pay attention to the balance between the level of inflation and the job market. If inflation does not progress further, it is necessary to maintain high interest rates for a longer period of time; in addition, they support reducing the QT scale. The team believes that overall, the Federal Reserve still maintains a data-dependent strategy and has not given a definitive monetary policy path; however, the “central position” of its monetary policy stance has changed slightly: the statement in the minutes shows that inflation is no longer the only consideration for interest rate cuts; balancing inflation and the job market is. First, the Federal Reserve meets every year8
The minutes of the Federal Reserve meeting destroyed the prospects for interest rate cuts. Analysts: The dollar bulls point to a three-week high
The minutes of the Federal Reserve FOMC meeting clearly showed hawkish signs, and the official slogan of long-term upward trend has been confirmed. The analysis indicates that the dollar bulls will challenge the target price of 105.74. This position is the nearly three-week high hit on May 9.
GAM Multi-Asset Solutions Chief Investment Director: Federal Reserve Officials Don't Seem to Know Anything About US Inflation
Julian Howard, GAM's chief investment director for multi-asset solutions, said Federal Reserve officials seemed “clueless” about the US inflation situation.
Federal Reserve Meeting Minutes: It may take longer to cut interest rates. Many officials intend to raise interest rates once the risk of inflation is rekindled
Federal Reserve policymakers believe that it will take more time than previously anticipated to be more confident that the inflation target will be met.
The minutes of the Federal Reserve meeting are “buzzing”. If inflation does not continue to move towards 2%, they will consider the possibility of raising interest rates
The Zhitong Finance App learned that on Wednesday, the minutes of the Federal Reserve's May meeting raised concerns about continued inflation, indicating that the central bank may not cut interest rates anytime soon. The Federal Open Market Committee (FOMC) showed in the minutes of the April 30 to May 1 policy meeting that there has been a lack of progress in reducing inflation in recent months. The minutes of the meeting also showed that many participants discussed the possibility of raising interest rates if inflation does not continue to move towards the 2% target. Starting in 2024, inflation is more stubborn than officials expected, according to a series of data. The Federal Reserve is targeting a 2% inflation rate, but all indicators show an increase in prices
Goldman Sachs expects the US debt-cost ratio to rise to dangerous levels
Goldman Sachs Group updated its long-term US fiscal outlook on Wednesday, and it is expected that a key indicator of debt sustainability will rise to historic extreme levels.
Canadian Dollar swoons on Wednesday after FOMC sparks Greenback bid
The Canadian Dollar (CAD) slipped on Wednesday as broader market sentiment weakened.
Canada Consumer Confidence Could Get Boost From Rate Cut -- Market Talk
A Canadian consumer-confidence gauge indicates a small increase for May.
USD/CAD Rises to 1.3660 as US Dollar Moves Higher Ahead of FOMC Minutes
The USD/CAD pair moves higher to 1.3660 in Wednesday’s American session.
Fed Policymakers Remain Wary About Inflation, Focus Shifts to FOMC Minutes
Fed policymakers' comments on policy outlook will be scrutinized by investors this week.
Fed Minutes Preview: Markets to Focus on Comments Regarding the Inflation Outlook
The Fed will release the minutes of the April 30-May 1 policy meeting on Wednesday.
Traders Hedging Bets On Bank of Canada Rate Cut In June -- Market Talk
Bank of Canada officials are likely to hold off on a rate cut until July because they may seek further evidence of economic weakness, says Karl Schamotta, chief market strategist at forex firm Corpay. Schamotta says, based on activity in the overnight-index swap market, traders believe there is a 59% likelihood of a June rate cut, which is up from 40% prior to the release this week of April CPI data but below 64% from the end of March.
Bears return, traders cut bets on the Fed cutting interest rates
Currently, the swap market is expected to cut interest rates by about 40 basis points by the end of the year, but after the CPI inflation data for April was released last Wednesday, the market was optimistic that interest rate cuts would be close to 50 basis points during the year.
Myriad Measures Of Core CPI Gives Bank Of Canada Latitude To Cut -- Market Talk
Various measures of underlying, or core, inflation in Canada should give the Bank of Canada the latitude to either cut interest rates on June 5 or in July, says economist David Rosenberg in his daily note to clients.
Inflation Progress Continues in Canada, Notes UBS
Tuesday's Canadian inflation report continues to show a sequential slowing in inflation, noted UBS.
US Dollar Consolidates Further as Markets Gear up for Increased Volatility
The US Dollar (USD) is starting to tick up as markets await a volatile 24 hours ahead which will commence with the release of the Federal Reserve (Fed) Minutes from the recent Federal Open Market Committee (FOMC) decision on why they kept rates stable.
Canadian Dollar Depreciates Due to Lower Oil Prices, Fed Minutes Ahead
USD/CAD extended gains for the third successive session, trading around 1.3660 during the European hours on Wednesday.