USD/CAD sticks to intraday gains amid a slump in oil prices, broad-based USD strength By HareshMenghani USDCAD Recession Fed CPI Currencies
region. The intraday positive move extended through the early part of the European session and pushed spot prices back closer to the 1.3000 psychological mark.
Concerns about slowing global economic growth and fuel demand continued acting as a headwind for crude. Apart from this, a push by US President Joe Biden, to bring down soaring fuel costs, triggered a steep fall and dragged the black liquid to over a one-month low.
Despite the combination of supporting factors, bulls might refrain from placing aggressive bets around the
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Winning Streak Extends, Now What? USD/THB, USD/IDR, USD/PHP, USD/SGDThe US Dollar extended its offense against ASEAN currencies last week, placing the Thai Baht, Indonesian Rupiah and Philippine Peso at risk. The Singapore Dollar is putting up a fight. Get your market update from ddubrovskyFX here:
Read more »
EUR/USD Outlook: Bulls seem non-committed, remain at the mercy of USD price dynamicsThe EUR/USD pair kicked off the new week on the backfoot in reaction to the risk of political gridlock in France after President Emmanuel Macron lost
Read more »
USD/JPY faces extra gains above 136.00 – UOBThe bullish bias in USD/JPY remains well in place and faces further advance once 136.00 is cleared, according to FX Strategists at UOB Group Lee Sue A
Read more »
NZD/USD sticks to intraday gains, bulls flirt with 0.6360-70 resistance zoneThe NZD/USD pair attracted some buyers for the second straight day on Tuesday and climbed back to the 0.6365-0.6370 hurdle during the early part of th
Read more »
EUR/USD Price Forecast: Will Loose Fiscal Policy + Hawkish Fed Cap Euro Gains?President Joe Biden has announced that he may be considering a federal gas tax holiday to ease inflationary pressures on the U.S. consumer. Get your market update from WVenketas here:
Read more »
GBP/USD Forex Signal: Evenly BalancedThe price is likely to turn bearish again eventually.
Read more »