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USD/CAD Price Forecast: Buyers retain the upper hand even as momentum weakens
USD/CAD edges lower on Tuesday even as the US Dollar (USD) holds firm, with the Canadian Dollar (CAD) drawing support from a modest rebound in crude Oil prices following renewed attacks on commercial vessels near the Strait of Hormuz. At the time of writing, the pair is trading around 1.4188.
NY Fed inflation expectations jump despite lower gas prices
The New York Fed Survey of Consumer Expectations shows that Americans are growing worried about the high cost of living, as one-year inflation expectations rose from 3.5% in May to 3.7% in June, the highest level since September 2023.
Swiss Franc eases as hawkish Fed outlook supports US Dollar
USD/CHF holds modest gains on Tuesday as traders balance softer US labor market data against hawkish Federal Reserve (Fed) expectations, keeping the US Dollar (USD) range-bound. At the time of writing, the pair is trading around 0.8066, remaining on the front foot for a second consecutive day.
Fed’s Williams: “Monetary policy is in a good place”
Federal Reserve (Fed) Bank of New York President John Williams said on Tuesday that the United States (US) economy continues to show steady, trend-like growth, while the labor market remains stable.
Euro holds steady as traders assess Fed and ECB interest rate paths
EUR/USD trades in a narrow range on Tuesday as traders await greater clarity on the Federal Reserve's (Fed) and European Central Bank's (ECB) interest rate paths. At the time of writing, EUR/USD is trading around 1.1436, little changed on the day.
US ADP Employment Change 4-week average drops to 20K
Private-sector hiring in the US has further cooled in late June. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 20K jobs per week in the four weeks ending June 20.
United States Dollar Index firms as Hormuz tensions boost safe-haven demand
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains after two successive flat days and trading around 100.90 during the European hours on Tuesday.
US Dollar: Benign FX risk score with hawkish fed pricing – DBS
DBS Group Research’s FX Risk Score note by Chua Han Teng and Daisy Sharma highlights that FX risk has risen modestly in May and June but remains below prior Middle East conflict highs.
US Dollar: Crowded support into year-end – NBC
National Bank of Canada ’s (NBC) Stéfane Marion and Kyle Dahms note the US Dollar (USD) is trading near its 2026 high as sticky United States (US) inflation and wider rate differentials underpin the currency.
United States Dollar Index holds below 101.00 as fading Fed hike bets counter Hormuz risks
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles for a firm near-term direction and extends its consolidative price moves for the third straight day on Tuesday.
Forex Today: US Dollar stays neutral as Fed’s Waller reinforces inflation commitment
The US Dollar Index (DXY) remains neutral near the 100.90 level at the end of the American session on Monday as investors digest hawkish comments from Federal Reserve (Fed) Governor Christopher Waller and resilient United States (US) services data.
United States Dollar Index trims gains as Fed hike bets fade
The US Dollar Index (DXY) trims its gains on Monday after opening the week on a firmer note, as traders await greater clarity on the Federal Reserve's (Fed) interest rate path before placing fresh directional bets.
US ISM Services PMI eases to 54 in June
Economic activity in the US service sector lost some momentum in June, with the ISM Services PMI easing to 54.0 from 54.5 in the previous month, matching analysts' expectations.