The USD/CAD pair weakens to 1.3645 during the early European trading hours on Monday.
USD/CAD loses momentum near 1.3645, losing 0.20% on Monday. The US Federal Reserve is expectedto leave the interest rate unchanged in its current 5.25%–5.50% rangeon Wednesday. The decline of crude oil weighs on the commodity-linked Loonie. The USD/CAD pair weakens to 1.3645 duringtheearly European trading hourson Monday.Thedecline ofthe US Dollar drags the pair lower to a nearly three-week low.
7% YoY in March from 2.5% in February, firmer than the market expectation of 2.6%.The Core PCE, theFed'spreferredinflation gauge, rose by 2.8% YoY in March, above the market consensus of 2.6%. On the Loonie front, the Bank ofCanada’s governing council memberswere spliton how long the central bank should wait before it begins lowering interest rateswhen they met earlier this month.Canada’sinflation rate was 2.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Stumbles Before Key Jobs Data; Setups on EUR/USD, USD/JPY, USD/CADThe upcoming release of the March U.S. jobs report is set to inject considerable volatility into financial markets and could have a decisive impact on the performance of the U.S. dollar in the near future.
Read more »
USD/CAD remains under selling pressure below 1.3530 amid weaker US Dollar, higher oil pricesThe USD/CAD pair trades on a softer note near 1.3520 on Thursday during the early Asian trading hours.
Read more »
USD/CAD pulls back amid US Dollar correction, lower crude Oil pricesUSD/CAD snaps its five-day winning streak, trading around 1.3820 during the Asian session on Wednesday.
Read more »
US Dollar Still on Bullish Path; Setups on EUR/USD, GBP/USD, USD/JPY, USD/CADThis article examines the technical outlook for EUR/USD, GBP/USD, USD/JPY and USD/CAD, dissecting major price thresholds that traders should keep an eye on as potential support or resistance levels in the coming trading sessions.
Read more »
USD/CAD Price Analysis: Remains subdued near 1.3700 as US Dollar slipsThe USD/CAD pair remains feeble near the round-level support of 1.3700 in Tuesday’s European session.
Read more »
USD/CAD clings to mild losses below 1.3570, awaits BoC’s decision, US CPIUSD/CAD seems to remain tepid amid firmer US Dollar (USD) and Crude oil prices.
Read more »