USD/CAD analysis: Trade war fears escalate as Trump imposes tariffs. Impact on Canadian dollar, US dollar strength, and technical price levels discussed.
Pound Sterling's resilience is examined by Scotiabank, noting its relative strength amid USD firmness and key political developments affecting the currency.
The EUR/USD currency pair has risen as the US Dollar has declined in today's trading session. The US Dollar Index has fallen to near 106.90, while the EUR/USD pair has risen to near 1.0450.
EUR/USD climbs as the US Dollar weakens following higher-than-expected US Initial Jobless Claims. Market sentiment is also affected by trade policy and FOMC insights.
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The USD/CAD forecast shows caution as Trump's tariffs raise trade war concerns. Canada's strong jobs data and a mixed US report add to the uncertainty.
The USD/CAD forecast shows caution as Trump's tariffs raise trade war concerns. Canada's strong jobs data and a mixed US report add to the uncertainty.
The USD/CAD forecast shows caution as Trump's tariffs raise trade war concerns. Canada's strong jobs data and a mixed US report add to the uncertainty.
Major currency pairs turn quiet early Thursday as investors move to the sidelines ahead of key macroeconomic data releases. Later in the European session, Germany's Destatis will publish preliminary Consumer Price Index (CPI) data for August and the US Bu
The Dollar Index has been coming off sharply and a break below 101 can drag it towards 100.5-99.5 in the medium term. Euro has surged past 1.11 and can test 1.1150/75-1.12 before possibly topping out.
EUR/USD maintains positive stance on the 4-hour chart, with a bullish RSI indicator. The first resistance level is seen in the 1.0900-1.0905 zone; the initial support level is located near 1.0860.
The US Dollar Index (DXY) fell sharply on Friday after the release of disappointing US Nonfarm Payrolls (NFP) data. The NFP report showed that the US economy added only 175,000 jobs in April, well below the expected 243,000. The unemployment rate also ros
Policy divergence and geopolitics continue to drive sentiment in the forex market. The US dollar index (DXY) held steady in low 106.00s, while EUR/USD retreated and GBP/USD revisited the sub-1.2300 area. USD/JPY advanced to a new 34-year high around 154.8
The EUR/USD currency pair has fallen to a five-month low near 1.0600 amid expectations that the Federal Reserve will pivot to rate cuts later than the European Central Bank, extending their policy divergence.
Analysts at Rabobank predict EUR/GBP could break below 0.85 this year due to slower BoE rate cuts and a potentially uneventful UK election. They see GBP/USD dipping but EUR/GBP less impacted, expecting it to reach 0.84 in H2 2024.
The AUD/USD pair has retreated to the 0.6525 area, posting a fresh daily low as traders await the release of Chinese trade data. Reduced Fed rate cut bets and geopolitical tensions continue to underpin the US dollar, exerting downside pressure on the Auss
The EUR/JPY pair is trading with minimal losses, reflecting a balance between bullish and bearish sentiments. While short-term indicators suggest a potential downward shift, the broader bullish momentum remains intact on the daily chart. Buyers must defen
