TAG: usd-cad
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs As ISM Manufacturing PMI Climbs Above 50
U.S. DollarDXY 010423 4h ChartU.S. Dollar Index tests new highs as traders react to PMI reports. The final reading of S&P Global Manufacturing PMI report indicated that S&P Global Manufacturing PMI declined from 52.2 in February to 51.9 in March....
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back From Multi-Month Highs
U.S. DollarDXY 020424 4h ChartU.S. Dollar Index is losing ground as traders react to the JOLTs Job Openings report, which indicated that JOLTs Job Openings remained unchanged at 8.75 million in February. Factory Orders increased by 1.4% month-over-month i...
6 months ago
The Week Ahead: The US CPI Report and Fed Chatter in the Spotlight
The US DollarOn Monday, NY Fed 1-Year Consumer Inflation Expectation figures will kick-start the week for the US dollar. A pickup in consumer inflation expectations could lead to decreased consumer spending as individuals may adjust their expenditure plan...
6 months ago
ECB and US CPI in the Headlights This Week
Last week ended with the US Employment Situation Report. Markets witnessed a monster beat for employment growth; the US economy added more than 300,000 jobs in the month of March versus a median estimate of 210,000 (prior data: small downward revision fro...
6 months ago
Global Interest Rate Decisions: A Week of Central Bank Action (or Inaction)
Still, this week promises to be interesting for global monetary policy, as traders and investors will be looking for clues on when interest rates might be going down.As expected in our previous article, the Swiss National Bank (SNB) and the Bank of Japan...
6 months ago
Octa’s Review Of Upcoming Central Bank Decisions
The monetary policies of central banks determine exchange rates. Therefore, the market pays close attention whenever a central bank holds another meeting and changes its monetary policy. Three central banks—the Reserve Bank of New Zealand (RBNZ), the Bank...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back At The Start Of The Week
U.S. DollarDXY 080424 4h ChartU.S. Dollar Index is losing some ground as traders react to Consumer Inflation Expectations report, which indicated that Consumer Inflation Expectations remained unchanged at 3% in March.In case U.S. Dollar Index settles back...
6 months ago
US Dollar (DXY) Index News: Facing Pressure Ahead of CPI Report, Fed Minutes
US Dollar Index Faces Pressure Amidst Caution Ahead of Inflation DataThe US Dollar Index encountered notable weakness against a basket of currencies on Tuesday, as Treasury yields declined, prompting investor caution ahead of impending inflation data slat...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Flat As Traders Wait For Inflation Data
U.S. DollarDXY 090424 4h ChartU.S. Dollar Index is flat ahead of CPI data, which will be released tomorrow. Analysts expect that Inflation Rate declined from 3.4% in February to 3.2% in March, while Core Inflation Rate increased from 3.7% to 3.8%.From th...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests Multi-Month Highs As Inflation Exceeds Expectations
U.S. DollarDXY 100424 4h ChartU.S. Dollar Index rallied as traders reacted to U.S. inflation reports. Inflation Rate increased from 3.2% in February to 3.5% in March, compared to analyst consensus of 3.4%. Core Inflation Rate remained unchanged at 3.8%, w...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs After PPI Report
U.S. DollarDXY 110424 4h ChartU.S. Dollar Index gains ground as traders react to Producer Prices report. PPI increased by 0.2% month-over-month in March, compared to analyst consensus of +0.3%. Core PPI grew by 0.2%, in line with the analyst consensus. Fr...
6 months ago
US Dollar (DXY) Index News: Supported by Divergent Central Bank Policies
U.S. Dollar Index SurgesThe U.S. Dollar Index (DXY), a gauge of the dollar’s strength against six major currencies, rose sharply this week, marking a significant uptick in its value. As of the latest readings, the index climbed 0.67% to 106, reaching a fi...
6 months ago
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests Multi-Month Highs Ahead Of The Weekend
U.S. DollarDXY 120424 4h ChartU.S. Dollar Index tested new highs as traders reacted to the Michigan Consumer Sentiment report, which indicated that Consumer Sentiment declined from 79.4 in March to 77.9 in April. The report has also shown that consumer in...
6 months ago
The Week Ahead: The Middle East, Central Banks, and the Chinese Economy in Focus
News from the Middle East will likely fuel an investor flight to safety on Monday. The US dollar and the Japanese Yen will be the targets for investors fleeing riskier assets. Nonetheless, investors should consider economic data and central bank commentar...
6 months ago