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USDCAD halts near last week’s limits Bias remains skewed to the downside BoC policy announcement awaited USDCAD opened with mild losses on Wednesday after Tuesday’s remarkable rally stalled near last week’s resistance of 1.3593. Traders were also in a wait-and-see mode ahead of the Bank of Canada’s rate decision at 15:00 GMT. The 1.3593 bar […]

The post USDCAD Slows Down Before BoC Rate Decision appeared first on Action Forex.

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29/05/2024

Dollar Tries to Extend Gains

Markets Global bonds trading took a slow start after a long weekend in the US and the UK. Yields initially lost a few basis points. However, US Treasuries were hit by a triple whammy as the US session preceded. Mid-morning in the US, Fed’s Kashkari confirmed the more hawkish tone from last week’s Fed Minutes. […]
25/05/2024

Canadian GDP Per Capita Likely Shrunk for Seventh Consecutive Quarter in Q1

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30/08/2024

Energy Base Effects to Drive EA August Inflation Down, Focus on Services Price Momentum

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