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USD/CAD holds short-term range ahead of ISM manufacturing PMI. Bulls lose power but not the battle, uptrend intact above 1.4260. USD/CAD is in a wait and see mode. USD/CAD is holding steady within...
The first trading day of the year brought fresh pressure on European currencies. There is now a considerable risk premium being built into EUR/USD, and we suspect that both protectionism and the...
The Canadian dollar may be consolidating a corrective pullback from multi-year highs.The USD/CAD pair, which approached 1.45 in mid-December, is ending the year near 1.4350. The momentum of the last...
US Dollar holds firm during thin holiday trading as yields creep up. But eases against yen as BoJ January hike in play. Stocks mixed in last few trading days of 2024. No End in Sight to Dollar’s...
The USD/CAD posted its fourth straight losing week, declining about 1%. In Monday’s European session, the USD/CAD pair is trading at 1.4397, up 0.16% at the time of writing. Canada’s GDP Expected to...
US retail sales on the agenda today, but Fed rate cut looks secure. Dow Jones experiences its longest negative daily streak since 2018. Government crisis in Canada; Loonie could get a respite from...
USDCAD unlocks new 4-year high, poised for further gains Caution required as overbought signals detected US retail sales, Canadian CPI due at 13:30 GMT USDCAD has been performing exceptionally...
US Dollar has continued to buck seasonal depreciating trends thanks to a still-high short-term swap rate. We expect a wait-and-see approach today ahead of the last key central bank events of the year...
BOC Meeting and USD/CAD Key Takeaways The Bank of Canada cut interest rates by 50bps to 3.25%, as expected. BOC Governor Macklem is delivering an incrementally more hawkish speech, hinting at a...
The USD/CAD is drifting on Wednesday, ahead of the Bank of Canada rate decision later today. In the European session, USD/CAD is trading at 1.4181, up 0.10% at the time of writing. BoC Expected to...
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