The USD/CAD pair finds buying interest near 1.3460 amid sheer strength in the US Dollar. The Loonie asset aims to recapture the psychological resistan
S&P500 opens on a flat-to-negative note as investors remain worried about economic prospects.pair finds buying interest near 1.3460 amid sheer strength in the US Dollar. The Loonie asset aims to recapture the psychological resistance of 1.3500 as the market mood dampens amid deepening fears of a global slowdown.
S&P500 opens on a flat-to-negative note as investors remain worried about economic prospects. The Federal Reserve is expected to keep interesthigher for a longer period as inflationary pressures in excess of the desired rate of 2% would be a hard nut to crack. The US Dollar Index prints a fresh nine-month high near 105.90 as the US economy is absorbing the consequences of higher interest rates by the Fed comfortably. Slowing inflation and a resilient labor market allowed the Fed to keep interest rates unchanged last week. Also, hawkish guidance from Boston Fed President Susan Collins strengthened the US Dollar.Collins said on Friday that a further rate hike is certainly not off the table.
Meanwhile, the oil price remains sideways around $90.00 as global central bankers are pausing the rate-tightening spell sooner to avoid risks of economic slowdown. It is worth noting that Canada is the leading exporter of oil to the United States and maintains a positive relationship with the Canadian Dollar.report for July. Consumer spending expanded at a slower pace of 0.3% vs. expectations of 0.4%. In June, Retail Sales expanded nominally by 0.1%.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USD/CAD consolidates its gains below the 1.3500 mark, focus on Canadian GDP, US PCE dataThe USD/CAD pair consolidates its recent gains below the 1.3500 barrier during the early Asian session on Monday. The weakening of the US Dollar (USD)
Weiterlesen »
USD/CAD gains ground toward 1.3500, Canadian GDP, US Core PCE awaitedUSD/CAD consolidates with a negative bias, trading around 1.3480 during the European session on Monday. The pair is experiencing upward support on the
Weiterlesen »
USD/CHF refreshes multi-month peak, seems poised to appreciate further amid bullish USDThe USD/CHF pair attracts some dip-buying near the 0.9045 region on Monday and touches its highest level since June 13 during the Asian session. Spot
Weiterlesen »
USD/INR Price Analysis: Sticks to modest intraday gains above 83.00 amid stronger USDThe USD/INR pair regains positive traction on the first day of a new week and moves away from a nearly three-week low, around the 82.80-82.75 region t
Weiterlesen »
US Dollar Technical Weekly Outlook: EUR/USD, GBP/USD in Focus as Downtrends ContinueThe US Dollar remains in a firmly bullish posture against its major counterparts. What are key levels to watch for in EUR/USD and GBP/USD in the week ahead?
Weiterlesen »
GBP/USD, EUR/USD remain bearish, USD/JPY bullish as US dollar rises for tenth consecutive weekOutlook on GBP/USD, EUR/USD and USD/JPY as the greenback continues to appreciate amid ‘rates higher for longer’ scenario.
Weiterlesen »