Great idea on a chart
USD/CAD surrenders its entire intraday gains and turns negative as the US Dollar falls back due to firm Fed rate-cut prospects.
Intraday gains in the US Dollar were driven by an assassination attack on US former President Donald Trump.
The Canadian Dollar will dance to the tunes of Canada’s inflation data for June.
The USD/CAD pair faces severe selling pressure in an attempt to extend recovery above 1.3660 and turns negative in Monday’s European session. The Loonie asset weakens as the US Dollar (USD) surrenders its gains, which were driven by improved speculation that Donald Trump will win the United States (US) Presidential elections later this year.
The assassination attempt on Donald Trump in Pennsylvania has increased the odds of him having an upper hand on the Joe Biden-led-Democratic Party.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, retreats from intraday high of 104.32. The USD Index has dropped to near monthly low around 104.00 and is expected to see more weakens as investors see growing speculation for the Federal Reserve (Fed) to begin reducing interest rates from the September meeting as a done deal.
Intraday gains in the US Dollar were driven by an assassination attack on US former President Donald Trump.
The Canadian Dollar will dance to the tunes of Canada’s inflation data for June.
The USD/CAD pair faces severe selling pressure in an attempt to extend recovery above 1.3660 and turns negative in Monday’s European session. The Loonie asset weakens as the US Dollar (USD) surrenders its gains, which were driven by improved speculation that Donald Trump will win the United States (US) Presidential elections later this year.
The assassination attempt on Donald Trump in Pennsylvania has increased the odds of him having an upper hand on the Joe Biden-led-Democratic Party.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, retreats from intraday high of 104.32. The USD Index has dropped to near monthly low around 104.00 and is expected to see more weakens as investors see growing speculation for the Federal Reserve (Fed) to begin reducing interest rates from the September meeting as a done deal.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.