USD/CAD Nears Two-Week High, Oil Price Surge May Limit Gains Before US Data
USD/CAD Nears Two-Week High, Oil Price Surge May Limit Gains Before US Data The USD/CAD currency pair has been on a rising trend for the fourth consecutive day, reaching a near two-week peak around the 1.3545 mark during the Asian trading session on Wednesday. This upward movement is largely driven by an increased demand for […]
Fed’s Bowman Stresses Prematurity of Interest Rate Cuts
Fed’s Bowman Stresses Prematurity of Interest Rate Cuts Federal Reserve Governor Michelle Bowman recently emphasized her belief that maintaining current interest rate levels will further decrease inflation, but she considers it premature to start reducing these rates. Bowman plans to keep a close eye on upcoming economic data to determine the best course for monetary […]
EUR/USD Falls Amid Risk-Aversion Before Eurozone, US Data; Trades Near 1.0840
EUR/USD Falls Amid Risk-Aversion Before Eurozone, US Data; Trades Near 1.0840 The Euro/US Dollar exchange rate, known as EUR/USD, has seen a decrease, reaching nearly 1.0840 in the Asian market on Wednesday. This drop is mainly because traders are being very careful due to some important economic reports that are expected to be released soon. […]