Canadian Dollar weaker on Wednesday but climbs over retreating USD. Canada housing and manufacturing figures mixed with little impact. Easing US inflation renews September rate cut hopes. The Canadian Dollar is broadly softer on Wednesday as one of the day’s weakest performers, but the CAD will have to settle for second-worst as the US Dollar broadly retreats following a cooler-than-expected print of US Consumer Price Index inflation.
3600 handle but unable to develop further bearish legs. Accelerating declines have the pair pinned below the 200-hour Exponential Moving Average at 1.3678, and a further move lower could be on the cards if bidders remain uninterested in defending 1.3600 to 1.3620. Recent losses are beginning to pile up with USD/CAD on pace to close in the red for a sixth consecutive trading day. The pair has broken into the bearish side of the 50-day EMA at 1.
SEO CPI
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.
USD/CAD stands tall near 1.3800, highest since November as traders look to Canadian CPIThe USD/CAD pair builds on last week's breakout momentum through the 1.3600-1.3610 supply zone and gains some positive traction for the fifth successive day on Tuesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Canadian Dollar churns as risk-off market flows compete with CAD jobs dataThe Canadian Dollar (CAD) surged on Friday after the Canadian economy added five times as many jobs as analysts expected.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Australian Dollar rises on upbeat CPI figures, subdued US DollarThe Australian Dollar (AUD) extends its winning streak for the third successive day after the release of the better-than-expected Consumer Price Index (CPI) data on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Canadian Dollar drops to fresh multi-month lows after mixed CPI dataThe Canadian Dollar (CAD) is going through a sharp depreciation against a stronger Greenback on Tuesday, and the mixed Canadian Consumer Prices Index (CPI) has failed to provide any significant support.
Source: FXStreetNews - 🏆 14. / 72 Read more »
USD/CAD pulls back amid US Dollar correction, lower crude Oil pricesUSD/CAD snaps its five-day winning streak, trading around 1.3820 during the Asian session on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
US Dollar Still on Bullish Path; Setups on EUR/USD, GBP/USD, USD/JPY, USD/CADThis article examines the technical outlook for EUR/USD, GBP/USD, USD/JPY and USD/CAD, dissecting major price thresholds that traders should keep an eye on as potential support or resistance levels in the coming trading sessions.
Source: DailyFX - 🏆 305. / 63 Read more »