US service sector activity decelerated against expectations with Prices Paid printing lowest level in years. Strong US ADP and hawkish comments from Fed’s Bostic have failed to support USD. The Canadian Dollar is trading higher on Wednesday, retracing the previous two days’ losses. The Loonie is favored by the US Dollar's knee-jerk reaction following downbeat US services activity data.
Earlier on Wednesday, the US ADP Employment Report showed an increase of 184,000 new payrolls in March from 155,000 in February. The market had forecasted a decline to 148,000. Atlanta Fed President Raphael Bostic struck a hawkish note on Wednesday suggesting that rate cuts might not arrive after the Q4. Canadian Dollar price today The table below shows the percentage change of Canadian Dollar against listed major currencies today. Canadian Dollar was the weakest against the .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Canadian Dollar recovery loses steam with the US Dollar consolidating near recent highsCanadian Dollar is trading back and forth in pre-holiday trading session.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Dollar Tree to Close 370 Family Dollar Locations and 30 Dollar Tree StoresDollar Tree, the discount variety store chain, plans to close 370 Family Dollar locations and 30 Dollar Tree stores due to difficulties in maintaining the value of both brands. The company aims to improve profitability and unlock value at Family Dollar.
Source: 6abc - 🏆 250. / 63 Read more »
Canadian Dollar advances following strong GDP dataCanadian Dollar is regaining lost ground after upbeat Canadian GDP data.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Australian Dollar depreciates on risk aversion amid a stronger US DollarThe Australian Dollar (AUD) extends its losses for the second successive session on Friday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
US Dollar Q2 Forecast: Dollar to Push Forward as Major Central Banks Eye Rate CutsThe US dollar performed phenomenally in Q1 - something that is likely to continue but perhaps to a lesser degree now that growth is moderating and rate cuts come into focus
Source: DailyFX - 🏆 305. / 63 Read more »
Australian Dollar appreciates amid stronger Chinese Manufacturing PMI, weaker US DollarThe Australian Dollar (AUD) retraces its recent losses on Monday, possibly bolstered by positive Chinese Purchasing Managers Index (PMI) figures.
Source: FXStreetNews - 🏆 14. / 72 Read more »