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USD/CAD Outlook: Dollar Pauses Rally Amid Profit Taking
Article By:
Yohay Elam
Thursday, April 18, 2024 5:25 AM EDT
The dollar retreated on Tuesday as investors paused after a steep rally. Hawkish Fed remarks that changed the outlook for rate cuts in the US. Recent inflation data from Canada revealed a decline in price increases.
G10 FX Talking: The Dollar’s Divergent Path
Article By:
ING Economics
Wednesday, April 17, 2024 5:22 AM EDT
An increasing number of central banks within the G10 bloc are looking at cutting rates this year. The Fed would like to join them, but strong US activity and especially inflation data means that plans for a summer cut will have to be shelved.
FX Daily: CNY Depreciation Risk Adds To Bullish Dollar Tone
Article By:
ING Economics
Tuesday, April 16, 2024 3:55 AM EDT
As if high US inflation and strong activity data, geopolitical risks and a looming ECB rate cut were not enough to drive the dollar stronger, the dollar could now be buoyed by Chinese authorities allowing a weaker renminbi.
