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US Commerce Secretary Lutnick: Canada treated US 'disrespectfully'
United States (US) Commerce Secretary Howard Lutnick said during the European trading session on Wednesday that there will be tariff relief if the company builds in the US.
United States MBA Mortgage Applications climbed from previous -1% to 0.8% in August 28
United States MBA Mortgage Applications climbed from previous -1% to 0.8% in August 28
1.3990: Why the Canadian Dollar is sliding toward the resistance zone that could decide the next move
USD/CAD has staged a rebound from recent lows near 1.3730 as markets digest a steady policy stance from the Bank of Canada (BoC) amid renewed United States (US)-Canada trade friction.
0.8150: Swiss Franc hits monthly lows as Fed hiking bets, risk aversion buoy US Dollar
The Swiss Franc (CHF) extends its decline against a stronger US Dollar (USD) on Wednesday, and is nearly 0.9% down in the last two days.
RBNZ raises rates: Why is the New Zealand Dollar plunging?
NZD/USD plunges 1.45% on Wednesday, trading around 0.5810 at the time of writing, as the New Zealand Dollar (NZD) comes under heavy selling pressure despite an interest-rate hike from the Reserve Bank of New Zealand (RBNZ).
Canadian Dollar: Scope to strengthen against US Dollar - Societe Generale
Societe Generale strategists see 1.3990/1.4030 as a key short-term resistance zone for USD/CAD following its rebound from 1.3730. They argue that a failure to break above this area could keep the broader decline intact, with 1.3840 as initial support.
New Zealand Dollar: Gradual RBNZ path weighs on kiwi – MUFG
MUFG’s Lee Hardman reports that the New Zealand Dollar fell sharply after the RBNZ delivered a second 25bps hike but signalled a cautious, gradual path for future tightening.
BoC's Macklem: Multiple rate increases should not be ruled out
Governor Tiff Macklem took questions from reporters, offering markets a clearer sense of how the central bank was thinking. His remarks followed the widely expected decision to keep the policy rate on hold at 2.25%.
India's GDP surged to 7.8% and growth forecasts are climbing: Why the Reserve Bank of India now faces 75bp of hikes
India’s macroeconomic outlook has strengthened following a sharp Q1-FY27 Gross Domestic Product (GDP) print of 7.8%, prompting financial institutions to upgrade both medium-term growth projections and interest rate expectations.
Euro tests two-week lows as risk aversion, Fed tightening bets buoy the US DollarÂ
The Euro (EUR) is trading lower against the US Dollar (USD) for the second consecutive day on Wednesday, weighed by risk aversion amid growing tensions in the Middle East, while rising bets of Federal Reserve (Fed) interest rate hikes support speculative demand for the US Dollar.
GBP/USD Price Forecast: Likely fall further towards 1.3420
The British Pound (GBP) is down 0.1% to near 1.3500 against the US Dollar (USD) during the European trading session on Wednesday.
USD/CAD Price Forecast: Eyes 50-day EMA after breaking above confluence around 1.3900
USD/CAD extends its gains for the second consecutive day. trading around 1.3940 during the European hours on Wednesday. The technical analysis of the daily chart indicates the pair is positioned above the descending channel top, signalling a bullish reversal.
Canadian Dollar: BoC hold leaves risk of further losses against US Dollar - ING
ING’s Francesco Pesole expects the Bank of Canada to keep rates on hold at 2.25%, seeing very low risk of a surprise hike despite firmer headline Consumer Price Index (CPI) and solid growth.