Wed, May 22, 2024

USD/CAD

Wibest – Canadian Loonie: Canadian dollar (CAD) bills and coins.

USD/CAD Hits 1.3640 Amid PPI Surge and Rising Oil Prices

Quick Look: USD/CAD’s recent drop to 1.3640 was influenced by a weaker US dollar and PPI data exceeding expectations. The Bank of Canada’s aggressive monetary policy includes a potential 100 basis point cut in 2025. Wildfires near Canadian oil sands push WTI crude to $78.30, impacting commodity-linked CAD. The USD/CAD exchange rate has shown fluctuations …

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The Canadian Dollar (USD/CAD) Stable, Russia Faces Penalties

USD/CAD Market Trends: Key Financial Events

Quick Look: USD/CAD nears key resistance at 1.36840-1.36860; support at 1.36720-1.36750. This week’s key events include US economic reports, Bank of Canada, and Federal Reserve rate decisions.  Oil prices affect CAD; treasury yields and buying interest boost USD. The USD/CAD pair has recently undergone noteworthy fluctuations in the dynamic landscape of global currency exchanges. Presently …

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Canadian Dollar skyrocketed

Sideways USD/CAD Awaits Key 1.3608 Breakout

Quick Look USD/CAD trades sideways around 1.3570 amidst mixed economic signals. Key resistance at 1.3608; breakout could target 1.3655 and 1.3700. The market is eyeing upcoming US Core PCE and Canadian GDP data for directional cues. Lower crude oil prices and recent GDP figures influence market sentiment. Technical indicators suggest upward momentum, with the pair …

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Forex, Lira, turks

Forex Patterns: Navigating Economic Indicators

In the dynamic realm of forex trading, staying informed about economic indicators and central bank decisions is paramount. Recent developments in the United States and Canada provide a rich tapestry of data that traders must decipher to discern potential forex patterns. This article delves into key economic statistics, central bank announcements, and their implications on …

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dollar, Weekly Market Overview: Forex, Stocks, Crypto, Commodities

Forex Trading Day: USD/CAD And AUD/USD Analysis

During the latest forex trading day, there have been notable movements in major currency pairs, drawing significant attention to the USD/CAD and AUD/USD. The exchange rates of these pairs have experienced fluctuations influenced by recent economic data and global factors. In this article, we will delve into the most recent developments in the forex market, …

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The Dollar Surges as Investors Anticipate greater rate hikes

Dollar Traded Largely Unchanged on Thursday Morning

The U.S. dollar traded largely unchanged in Europe on early Thursday, stabilizing after Wednesday’s weakness following Fed Chair Jerome Powell’s speech in Congress. Powell insisted that it was too soon to withdraw the Federal Reserve’s monetary support for the economy. At 2 AM ET, the dollar index, which tracks the U.S. currency against a basket …

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U.S. dollar fell Tuesday. What about the Euro and Sterling?

Dollar is Unable to Overcome Post Nonfarm Payrolls Weakness

The dollar declined in early European trade on Tuesday, continuing its post nonfarm payrolls weakness. Other currencies, Australian and New Zealand dollars, rose amid signs that these economies are recovering strongly. The dollar started to decline on Friday, as the jobs report wasn’t sufficiently strong to push the Federal Reserve into tapering its asset-buying anytime …

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forex: Lira Fell to Record Lows Following Erdogan’s Comments

Lira Fell to Record Lows Following Erdogan’s Comments

President Recep Tayyip Erdogan’s renewed calls for lower interest rates has sent Turkey’s lira to new all-time lows. He even spoke to the central bank’s new governor about it. Erdogan reiterated his position that the central bank must lower interest rates. He noted that lower interest would lift the burden on investments. Erdogan’s remarks were …

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