USD/CAD struggles to... dari kb6846621

16 Jul 2024, 21:59 · Views 1,410

USD/CAD struggles to extend recovery above 1.3500 amid weak US Dollar. Cooling US labor market conditions indicate that Fed rate cut bets for June remain on the table. Slower Canada’s wage growth indicates that the inflation outlook is softening. The USD/CAD pair faces pressure while attempting to extend recovery above the psychological resistance of 1.3500 in the European session on Monday. The Loonie asset is expected to resume its downside journey as the broader appeal for the US Dollar re

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USD/CAD remains flat around 1.3575 in Tuesday’s early Asian session. Fed’s Bostic said there’s no urgency to cut interest rates given the US economy's strength. The BoC is expected to hold rates at 5% at its June meeting on Wednesday. The USD/CAD pair holds below the 1.3600 barrier during the early Asian trading hours on Tuesday. The Bank of Canada (BoC) will announce the interest rate decision on Wednesday, with no change in rate expected. Meanwhile, the decline in oil prices weighs on the

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