USD/CAD extends its upside near 1.4440 in Thursday’s early Asian session. Canadian Dollar hits three-week low as tariff reprieve hopes fade US GDP expanded by 2.3% in Q4 as initially estimate. The USD/CAD pair extends the rally to around 1.4440 on a stronger US Dollar (USD) during the late American session on Thursday. The Canadian Dollar … Read more
The US Dollar gathered extra steam and rose to multi-day highs on the back of extra announcement regarding tariffs by President Trump, while some cautious trade also prevailed ahead of the release of US inflation tracked by the PCE on Friday. Here is what you need to know on Friday, February 28: The US Dollar … Read more
US Dollar Index DXY jumps above 107.00 after a hotter-than-expected inflation component in GDP data. CME FedWatch Tool now shows a near 35% probability that rates will remain steady in June, with cuts still on the table. Focus will shift to labor market data from February to be released at the beginning of March. The … Read more
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack noted on Thursday that interest rates are likely on hold for the time being as inflation data starts to pose a growing problem for central policymakers. Key highlights Monetary policy has the luxury of being patient right now. I seek evidence that inflation is moving to … Read more
EUR/USD extends its decline, hitting its lowest level in two weeks. RSI continues to weaken in negative territory, reflecting intensifying bearish momentum. The EUR/USD pair suffered a sharp decline on Thursday, sinking to its lowest level in two weeks as sellers took control following yet another failure at the 100-day Simple Moving Average (SMA). This … Read more
The US Dollar books broad gains after the second reading of the US GDP release. Traders see the inflation component pick up and catch markets by surprise. The US Dollar Index (DXY) breaks above 107.00 and stretches higher. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major … Read more