The USD/CAD pair edges lower during the Asian session on Friday and erodes a part of the previous day's strong move up to the 1.3700 mark, or the week
USD/CAD meets with some supply on Friday, though the downside seems limited. An uptick in Oil prices underpins the Loonie and exerts pressure amid a softer USD. Bets for one more Fed rate hike in 2023 should limit losses for the buck and the pair. ly top. The pair currently trades around the 1.3680-1.3675 area and is pressured by a combination of factors, though the downside seems cushioned.
Both the headline and the Core CPI in the US remained above the Fed's 2% target, reviving bets for at least one more Fed rate hike move by the end of this year. This should limit the downside for the US bond yields and warrants some caution before placing fresh bearish bets around the USD.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
US Dollar Technical Setups: AUD/USD Plummets While USD/CAD SkyrocketsThis article provides an exhaustive technical examination of USD/CAD and AUD/USD, analyzing significant price levels that may act as resistance or support in the upcoming trading sessions.
Les mer »
USD/CAD Price Analysis: Hovers below the 1.3600, technical suggests a trend reversalUSD/CAD snaps the four-day losing streak, trading slightly higher around 1.3590 aligned with the immediate resistance at the 1.3600 psychological leve
Les mer »
USD/CAD Price Forecast: Loonie Pauses on Upcoming US DriversUSD/CAD prices were positive this Wednesday morning but US PPI, FOMC minutes and Fed speak will provide a volatile environment for the pair.
Les mer »
USD/CAD consolidates near 1.3600 ahead of FOMC minutes and US PPI dataThe USD/CAD pair trades back and forth near the round-level resistance of 1.3600 in the European session. The Loonie asset struggles to find a directi
Les mer »
USD/CAD Looks Set to Arrest 4-Day Slump, Finding Support at the 20-Day MAUSD/CAD on course to snap a four-day losing streak ahead of US inflation data. Will US Inflation provide fresh impetus for the DXY with another increase or is a drop on the cards?
Les mer »
USD/CAD grapples to surpass the 1.3600 psychological level ahead of US CPIUSD/CAD extends gains on the second day, trading in a positive territory around 1.3600 during the Asian session on Thursday. The pair is receiving upw
Les mer »