The USD/CAD pair extends its decline to near 1.3755 during the early Asian session on Thursday.
USD/CAD trades on a softer note around 1.3755 in Thursday’s early Asian session. BoC’s governing council saw the risk that consumer spending could be significantly weaker than expected in 2025 and 2026. Traders will watch the weekly US Initial Jobless Claims on Thursday for some hints about the employment market outlook. The Canadian Dollar is poised to perform well this week despite the lack of top-tier economic data released earlier this week.
” Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar are the level of interest rates set by the Bank of Canada , the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD: Initial support sits at 1.3760The Canadian Dollar (CAD) is on the defensive ahead of the Bank of Canada (BoC) policy decision, sliding to its lowest in three months against the US Dollar (USD).
Read more »
US: Initial Jobless Claims rose more than estimated last weekUS citizens that applied for unemployment insurance benefits increased by 249K in the week ending July 27 according to the US Department of Labor (DoL) on Thursday.
Read more »
USD/CAD holds positive ground above 1.3650 as risk aversion boosts the US DollarThe USD/CAD pair trades in positive territory for the third consecutive day around 1.3655 during the Asian trading hours on Monday.
Read more »
USD/CAD Price Analysis: Gives up intraday gains and turns negative as US Dollar retreatsThe USD/CAD pair faces severe selling pressure in an attempt to extend recovery above 1.3660 and turns negative in Monday’s European session.
Read more »
USD/CAD: Trades little changed on the dayThe Canadian Dollar (CAD) eased in early Asian trade but has recovered to trade little changed on the day.
Read more »
USD/CAD trades with bearish bias below 1.3650, investors await US PPI dataThe USD/CAD pair trades with mild losses near 1.3630 after bouncing off the two-month lows around 1.3588 during the early Asian session on Friday.
Read more »