USD/CAD recovery fades near 1.3550 despite softer Oil price, First Republic, US/Canada data eyed – by anilpanchal7 USDCAD Oil RiskAppetite NFP Fed
Cautious mood ahead of First Republic announcements, US/Canada jobs report prod buyers.Fed’s 0.25% rate hike is given but clues for future moves will be the key for near-term Loonie moves.
During the weekend, the Federal Deposit Insurance Corporation called in bids for the troubled US bank in which multiple top-tier private organizations, including JP Morgan, took part. The results are up for release and can give only knee-jerk optimism as an immediate defense of the bank by a private player isn’t a solution to the broad banking problems. for the first quarter of 2023, also known as Advance readings, marked mixed outcomes. That said, the headline US GDP Annualized eased to 1.
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