The USD/CAD pair edges higher to near 1.3690 during the Asian trading hours on Friday.
USD/CAD gains ground due to the expectations of the Fed keeping higher rates for longer. US Treasury yields lost ground after the release of weak US Initial Jobless Claims on Thursday. BoC Governor Tiff Macklem highlighted the resilience of the financial system following the release of the Financial Stability Report.
However, Macklem cautioned about potential volatility in global markets as expectations evolve regarding the extent and timing of rate cuts. He also noted that financial institutions still have adjustments to make to higher rates and potential shocks, which pose risks to financial stability.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD edges down to 1.3650 as US Dollar drops, Oil price reboundsThe USD/CAD pair falls after failing to recapture the crucial resistance of 1.3700 in Monday’s early New York session.
Read more »
USD/CAD rebounds above 1.3650 amid firmer US Dollar, lower crude oil pricesThe USD/CAD pair gains traction around 1.3685 during the early European trading hours on Tuesday.
Read more »
USD/CAD faces pressure near 1.3700 as US Dollar struggles for firm footingThe USD/CAD pair consistently faces pressure near the round-level resistance of 1.3700.
Read more »
US Dollar Sentiment Analysis & Outlook: USD/JPY, NZD/USD, USD/CADThis article undertakes a comprehensive examination of retail sentiment on the U.S. dollar across three widely traded currency pairs: USD/JPY, NZD/USD, and USD/CAD. Furthermore, we examine potential scenarios guided by contrarian signals.
Read more »
USD/CAD Price Analysis: Extends upside to 1.3750 as US Dollar recoversThe USD/CAD pair advances to the crucial resistance of 1.3750 in Wednesday’s European session.
Read more »
USD/CAD extends its downside below 1.3750 on a softer US DollarThe USD/CAD pair extends its downside around 1.3730 during the early Asian trading hours.
Read more »