USD/CAD bulls are in town taking on the 1.3450s – by fx_ross USDCAD Commodities DollarIndex Fed
Fed sentiment is driving US yields and the US Dollar up. rallied to a one-week high on Wednesday as US bond yields rose and domestic data showed housing starts fell more than expected in March. At the time of writing, USD/CAD is trading around 1.3455 in early Asia.
In this regard, the futures pricing has show an 85.7% chance the Fed will hike rates 25 basis points when policymakers conclude a two-day meeting on May 3, according to CME's FedWatch Tool. However, the US dollar is getting a boost on hawkish themes coming through again.
Domestically, Canadian Housing Starts for March dropped 11% contributing to a slower trend in recent months that follows a rapid increase in borrowing costs. Also, Canadian producer prices rose by 0.1% in March from February.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/CAD Price Analysis: 1.3400 appears a tough nut to crack for bullsUSD/CAD bulls jostle with the key upside hurdle around 1.3400 as they reverse the previous day’s pullback moves during sluggish Wednesday morning in E
Leer más »
USD/CAD Price Analysis: Bulls pierce multi-month resistance, setting their sights on 1.3500USD/CAD climbs in the mid-North American session and tests a six-month-old resistance trendline that passes at around 1.3440. Though the USD/CAD bias
Leer más »
USD/CAD finds an intermediate cushion around 1.3380 ahead of Canada’s InflationThe USD/CAD pair has gauged an intermediate cushion after a gradual correction to near 1.3380 in the Tokyo session. The Loonie asset needs support for
Leer más »
When is the Canadian consumer inflation (CPI report) and how could it affect USD/CAD?When is the Canadian consumer inflation (CPI report) and how could it affect USD/CAD? – by hareshmenghani Canada Inflation BOC USDCAD Currencies
Leer más »
USD/CAD pares modest intraday losses, keeps the red below 1.3400 post-Canadian CPIUSD/CAD pares modest intraday losses, keeps the red below 1.3400 post-Canadian CPI – by hareshmenghani USDCAD Inflation RiskAppetite Fed Currencies
Leer más »
USD/CAD Price Analysis: Struggles at 1.3400, though retraces and stays above the 200-DMAThe USD/CAD rally was short-lived to just two days, but the pair remains above the 200-day Exponential Moving Average (EMA), suggesting that the neutr
Leer más »