USD/CAD: Bearish tone caps rallies – Scotiabank Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is edging higher as the softer US Dollar (USD) and a narrower 1Y US/Canada swap spread support the currency. USD/CAD: Bearish tone caps rall
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is edging higher as the softer US Dollar (USD) and a narrower 1Y US/Canada swap spread support the currency. Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar
Japan reportedly conducts first FX intervention since 2024 to counter speculative moves Japanese authorities reportedly intervened directly in the foreign exchange market on Thursday, according to Reuters, citing Nikkei, which attributed the information to Japanese government...<
Japanese authorities reportedly intervened directly in the foreign exchange market on Thursday, according to Reuters, citing Nikkei, which attributed the information to Japanese government sources. Japanese authorities reportedly intervened directly in the foreign exchange
ECB dovish surprise weakens Euro as hike in June now 'highly likely' Today’s ECB meeting delivered a reassuring message, suggesting a measured approach to monetary tightening amid considerable uncertainty due to the Iran conflict. ECB dovish surprise weakens Euro as hike i
Nordea’s Chief Analyst Jan von Gerich notes that the European Central Bank (ECB) kept its key rate at 2.0% and maintained a data-dependent, meeting-by-meeting stance. Nordea’s Chief Analyst Jan von Gerich notes that the European Central Bank (ECB) kept its key rate at 2.0%
CAD: Growth momentum supports steady BoC – RBC Royal Bank of Canada (RBC) economist Abbey Xu reports that Canada's Gross Domestic Product (GDP) grew 0.2% in February, with both goods-producing and services industries contributing as earlier auto-sector disruptions... CAD:
In yesterday’s post, I flagged the 1.3709–1.3715 area as a key upside target ( see: USDCAD moves to new session highs. In yesterday’s post, I flagged the 1.3709–1.3715 area as a key upside target ( see: USDCAD moves to new session highs. Extends above 1.3700 and looks towa
Gold edges higher as USD weakens, higher-for-longer rates limit upside Gold (XAU/USD) edges higher on Thursday, recovering from the one-month low of $4,510 seen the previous day. Gold edges higher as USD weakens, higher-for-longer rates limit upside Gold (XAU/USD) edges hi
So there was a question about whether the move in the yen was due to the strong verbal intervention today, a rate check or actual intervention and it looks like we got our answer. So there was a question about whether the move in the yen was due to the strong verbal interv