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Speculation Of A BOJ Move Tomorrow Did Not Stop The Nikkei From Rallying Or Yen From Slipping
Article By:
Marc Chandler
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Monday, March 18, 2024 8:27 AM EDT
The US dollar is trading with a mostly softer bias against the G10 currencies. The notable exceptions are the Japanese yen and Swiss franc.
Mexican Peso Speculator Bets Touching Most Bullish Levels In 4 Years
Article By:
Zachary Storella
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Saturday, March 16, 2024 6:53 PM EDT
The COT currency market speculator bets were slightly higher overall this week as six out of the eleven currency markets we cover had higher positioning and the other five markets had lower speculator contracts.
Canadian Dollar Settled Flat Against The Greenback On Friday As Markets Buckled Down
Article By:
Joshua Gibson
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Saturday, March 16, 2024 1:40 PM EDT
The Canadian dollar was higher on Friday, but it stuck close to the day’s opening range against the US dollar. The University of Michigan Consumer Sentiment Index ticked lower, and the print of Canadian Housing Starts sailed by without much notice.
Forex And Cryptocurrencies Forecast For March 18 - 22, 2024
Article By:
Roman Butko
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Saturday, March 16, 2024 11:47 AM EDT
Market participants last week were keenly focused on inflation data from the US. The FOMC (Federal Open Market Committee) meeting of the Federal Reserve is scheduled for Wednesday, 20 March.
Euro's Recovery To $1.09 Looks Vulnerable While Yen Falls To New Lows
Article By:
Marc Chandler
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Friday, March 15, 2024 9:17 AM EDT
Despite heightened speculation that the Bank of Japan could hike rates as early as next week and strong wage gains for employees at large companies, the yen is off by more than 1% this week and trading recorded a six-day low today.
USD/CAD Forecast: Dollar's Rebound Quest Begins
Article By:
Christopher Lewis
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Friday, March 15, 2024 5:42 AM EDT
I remain fairly neutral, but if you are short term range bound trader this could be a good pair for you.
USD/CAD Outlook: Loonie Strengthens Following Oil Price Surge
Article By:
Yohay Elam
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Thursday, March 14, 2024 8:55 AM EDT
The Canadian dollar strengthened after a massive surge in oil prices on Wednesday. The EIA reported a higher-than-expected draw in crude inventories last week. Traders expect US data on wholesale inflation, retail sales, and initial jobless claims.
Strong US Retail Sales May Help Extend The Dollar's Recovery
Article By:
Marc Chandler
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Thursday, March 14, 2024 8:13 AM EDT
We have put emphasis on today's US retail sales report. A recovery from the weather-induced weakness in January should underscore the resilience of US demand after another 200k jobs were created and personal income jumped 1%.
USD/CAD Price Analysis: Strengthens Following Upbeat CPI
Article By:
Yohay Elam
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Wednesday, March 13, 2024 10:25 AM EDT
The dollar strengthened on Tuesday after US inflation data beat forecasts. Annual US inflation rose by 3.2%. Oil fell on Tuesday after a higher-than-expected US oil production forecast.
USD/CAD Analysis: Another Bounce Higher As Range Remains Flexible
Article By:
Robert Petrucci
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Wednesday, March 13, 2024 6:58 AM EDT
The USD/CAD reacted to yesterday’s U.S CPI data with a run higher, but then eventually came back to values which had been on Friday of last week and this Monday.
BoC Rates On Hold: What’s The Outlook For The Canadian Dollar
Article By:
Admiral Markets
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Monday, March 11, 2024 11:31 AM EDT
The Canadian economy has not remained unaffected from high inflation figures combined with high borrowing costs.
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