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USD/CAD Weekly Forecast: Slowing US Economy Dents Dollar
Article By:
Yohay Elam
Saturday, April 27, 2024 8:19 PM EDT
Several economic reports from the US pointed to a slowdown in the economy. US business activity fell in April, showing the impact of higher interest rates. Investors will focus on the FOMC meeting and the jobs report from the US.
USD/CAD Extends Its Downside Below 1.3670, Investors Await US PCE Data
Article By:
Lallalit Srijandorn
Thursday, April 25, 2024 8:30 PM EDT
The USD/CAD pair extends its downside near 1.3655 on Friday during the early Asian session. The decline of the US Dollar (USD) to the two-week lows around the mid-105.00s exerts some selling pressure on the pair.