USD/CAD snaps a three-day winning streak, retreating from the seven-month highs. The spot price trades around 1.3820 during the early European session
USD/CAD halts the winning streak due to the rise in Crude oil prices. Crude oil prices surge as the US military strikes on Iranian targets in Syria. Traders expect that the Fed will keep interest rates unchanged in the upcoming meeting. on Friday. The pair faces challenges due to the higher Crude oil prices amid geopolitical tension pertaining to the Israel-Hamas conflict. Western Texas Intermediate trades higher near $84.20 per barrel by the press time.
9% in Q3 from the previous growth of 2.1%, exceeding the market expectation of 4.2%. However, the report unveiled a preliminary core Personal Consumption Expenditure that fell short of expectations. US Core PCE declined to 2.4% in Q3 from the previously recorded 3.7%. Investors expect that the US Federal Reserve will keep policy rates unchanged in the Federal Open Market Committee meeting next week.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/CAD surrenders intraday gains to multi-month top, back below 1.3800 ahead of US GDPThe USD/CAD pair retreats a few pips from its highest level since March touched during the early part of the European session and currently trades jus
Leer más »
USD/CAD trades strongly above the 1.3800 mark ahead of the US GDP dataThe USD/CAD pair gains traction above the 1.3800 psychological round mark during the early Asian session on Thursday. The renewed US Dollar (USD) dema
Leer más »
USD/CAD aims stability above 1.3800 amid multiple tailwindsThe USD/CAD pair aims for stability above the round-level resistance of 1.3800 in the New York session. The Loonie asset continues to move higher amid
Leer más »
USD/CAD: Loonie vulnerable to the external environmentThe Canadian Dollar has come under renewed pressure over the last month. Economists at Danske Bank analyze Loonie’s outlook. BoC to keep policy rates
Leer más »