USDCAD

Upbeat consumer confidence data from the US sent the dollar soaring. Canada’s GDP fell from 0.2% to 0.0% on a monthly basis. Markets are pricing a 60% chance of a rate cut in Canada on coming Wednesday. The USD/CAD weekly…

Canadian inflation data met forecasts of 2.7%, easing from the previous month. There is a 55% chance the BoC will cut rates in June. Fed policymakers have remained cautious despite easing inflation. The USD/CAD forecast…

Canadian Unemployment Rate higher than expected at 6.1% Canada's recent unemployment rate of 6.1% exceeded forecasts, which had anticipated a slightly lower figure of 5.9%. This weaker-than-expected employment data could give reason for…

USD/JPY has been quiet within a range for a while. Is it time for action?EUR/GBP keeps looking for a bullish trend reversal as ECB rate decision loomsUSD/CAD maintains positive structure ahead of an interesting BoC meeting US CPI…

Fed policymakers pushed back on expectations for a cut in June. The US NFP report showed robust demand in the labor market. Canada released a dismal employment report. A close look at the USD/CAD weekly forecast reveals…

US Dollar Outlook: USD/CAD USD/CAD continues to hold above the 50-Day SMA (1.3418) following the larger-than-expect slowdown in Canada’s Consumer Price Index (CPI), and the exchange rate may attempt to retrace the decline from the…

Most Read: USD/JPY Gains on Hot US PPI but FX Intervention Chatter May Cap UpsideEarlier this year, the market consensus indicated the Federal Reserve would deliver about 160 basis points of easing in 2024. However, these dovish…

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Share: Canadian Dollar hits eight-week low after US PMI surge. Canada sees BoC Governor Macklem slated…

GBP/USD started a fresh increase above the 1.2625 zone. USD/CAD is declining and trading below the 1.3415 support. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing more…