The USD/CAD price analysis remains firm above 1.3900, supported by a stronger US dollar and a softer Canadian backdrop. US PPI and retail sales data maintain an upside bias for the greenback. US unemployment claims and FedSpeak could provide fresh impetus to the markets. USD/CAD is trading firmly around 1.3900 in the early European session, […]
The USD/CAD forecast remains defensive as the dollar loses momentum amid improved sentiment. Dismal US PMI and accommodative Fed keep the greenback softer. Declining energy prices cap the gains in CAD, especially after the situation in Venezuela. During Tuesday’s London session, the USD/CAD price is on the defensive, continuing a slight decline from the 1.3815
The USD/CAD forecast suggests a mild upside as the US dollar gains momentum following the shutdown’s end. The uptick in WTI and Canada’s strong employment data could not lend support to the loonie. US yields and rate cut expectations could further shape the markets. The USD/CAD forecast suggests a slight bullish momentum, trading well above
The USD/CAD pair maintains a bullish bias amid weak oil prices and heightened expectations of rate cuts by the Bank of Canada. This week’s upcoming Canadian CPI release could boost the CAD if the data exceeds the forecast. Traders look forward to the Canadian CPI and FOMC’s Waller’s comments for further policy cues. The USD/CAD
USD/CAD outlook stays steady above 1.4000 level amid dollar’s safe-haven demand. Relieved fears of trade war provide mild support to the greenback. Subdued oil prices weigh on the CAD, keeping the USD/CAD supported. The USD/CAD outlook remains steady as the greenback remains firm against the Canadian dollar in the last few sessions. The pair has
The USD/CAD outlook stays positive near 1.3950 amid cautious sentiment. The dollar stays pressured due to the ongoing US government shutdown and dovish Fed rate cuts. The Canadian dollar strengthens due to stable oil prices and a balanced BoC Outlook. The USD/CAD outlook maintains a positive stance as the pair holds near 1.3950, signaling minimal
The USD/CAD forecast indicates a brief rebound in the pair ahead of policy meetings. US retail sales rose by 0.6%, well above the estimate of a 0.2% increase. Data from Canada showed that inflation eased by 0.1%. The USD/CAD forecast indicates a brief rebound in the pair ahead of central bank meetings in Canada and
The USD/CAD outlook suggests resilience in Canada’s manufacturing sector. Canada’s factory sales expanded by 2.5% compared to the forecast of 1.8%. The Fed will likely cut rates by 25-bps. The USD/CAD outlook suggests resilience in Canada’s manufacturing sector despite tariff uncertainty. As a result, the Canadian dollar has rallied since the previous session despite expectations
The USD/CAD forecast shows the dollar in a vulnerable position ahead of the Fed meeting. Market participants are almost fully pricing a 25-bps Fed rate cut. The BoC is also facing pressure to cut rates this week. The USD/CAD forecast shows the dollar in a vulnerable position as markets prepare for a likely Fed rate
The USD/CAD outlook points to dollar strength ahead of the US consumer inflation report. Market participants are eagerly awaiting the US CPI report. Data on Wednesday revealed that US wholesale inflation eased by 0.1%. The USD/CAD outlook points to dollar strength ahead of the US consumer inflation report. The dollar regained some of its shine
The USD/CAD outlook indicates a rebound in the Canadian dollar. Canada’s economy lost 65,500 jobs, compared to expectations of 4,900 new jobs. The greenback was also pressured by data showing only 22,000 new jobs in the US. The USD/CAD outlook indicates a rebound in the Canadian dollar after a poor employment report led to a
The USD/CAD forecast indicates a slight recovery of the dollar against the Canadian dollar. Market participants are eagerly awaiting the US monthly employment figures. Data revealed that Canada’s economy unexpectedly contracted. The USD/CAD forecast indicates that the dollar is expected to recover slightly against the Canadian dollar ahead of crucial employment figures from the US
The USD/CAD price analysis shows a steep rally in the Canadian dollar. Next week’s nonfarm payrolls report will keep shaping the outlook for Fed rate cuts. Data on Friday revealed that Canada’s economy contracted by 0.1%. The USD/CAD price analysis shows a steady Canadian dollar as the greenback heads for a monthly loss due to
The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise. Inflation in Canada eased to 1.7% in July from the previous reading of 1.9%. Oil has dropped amid progress in peace talks with Russia and Ukraine. The USD/CAD forecast shows a weak Canadian dollar as BoC rate cut bets rise after
The USD/CAD outlook shows the Canadian dollar weakening ahead of crucial inflation figures. Traders are anticipating policy clues at the Jackson Hole symposium. The US will guarantee the country’s safety in the event of a peace deal. The USD/CAD outlook deteriorates as the Canadian dollar weakens ahead of crucial inflation figures from Canada. Meanwhile, the dollar
The USD/CAD outlook shows the dollar rising amid optimism over an extension of the US-China trade truce. China and the US agreed to extend their trade truce by another 90 days. Forecasts show that the annual US CPI figure might increase by 2.8%. The USD/CAD outlook shows the dollar rising amid optimism over an extension
The USD/CAD price analysis shows continued dollar weakness. Trump’s Fed pick has raised speculation about more dovish picks in the future. Market participants are awaiting employment figures from Canada. The USD/CAD price analysis shows continued dollar weakness after Trump’s pick for Fed Governor hinted at more dovishness in the central bank. At the same time,
