The USD/CAD pair extends its downside around 1.3730 during the early Asian trading hours.
USD/CAD loses ground near 1.3730 on the softer USD on Thursday. The BoC Governor said the central bank is“getting closer”to rate cuts. The Fed has not changed its key interest rates and expressed more caution than previously about possible interest rate cuts. The downtick of the pairis backedby the weaker US Dollar Index to 105.75. The US Federal Reserve kept its benchmark short-term borrowing rate in a targeted range between 5.25% and 5.
3% expansion.Elsewhere,the Canadian Manufacturing PM dropped to 49.4 in April and 49.8 in March, below the market consensus of 50.2, according to S&P Global on Wednesday. On theUSD’sfront, the US Fed kept rates unchanged for a sixth consecutive meeting in the 5.25%–5.50% range, as widely expected by market participants. Fed Chair Powell sounded more cautious than the previous reading, arguing for more patience on the policy front.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USD/CAD remains under selling pressure below 1.3530 amid weaker US Dollar, higher oil pricesThe USD/CAD pair trades on a softer note near 1.3520 on Thursday during the early Asian trading hours.
Weiterlesen »
USD/CAD remains under selling pressure below 1.3650 on a softer US DollarThe USD/CAD pair weakens to 1.3645 during the early European trading hours on Monday.
Weiterlesen »
US Dollar Tanks Ahead of Fed Verdict, NFP Data - EUR/USD, GBP/USD, USD/CADThis article explores the fundamental and the technical outlook for the U.S. dollar, zeroing in on three popular and very liquid pairs: EUR/USD, GBP/USD and USD/CAD.
Weiterlesen »
US Dollar Stumbles Before Key Jobs Data; Setups on EUR/USD, USD/JPY, USD/CADThe upcoming release of the March U.S. jobs report is set to inject considerable volatility into financial markets and could have a decisive impact on the performance of the U.S. dollar in the near future.
Weiterlesen »
USD/CAD pulls back amid US Dollar correction, lower crude Oil pricesUSD/CAD snaps its five-day winning streak, trading around 1.3820 during the Asian session on Wednesday.
Weiterlesen »
US Dollar Still on Bullish Path; Setups on EUR/USD, GBP/USD, USD/JPY, USD/CADThis article examines the technical outlook for EUR/USD, GBP/USD, USD/JPY and USD/CAD, dissecting major price thresholds that traders should keep an eye on as potential support or resistance levels in the coming trading sessions.
Weiterlesen »