FX Monthly Update | August 2024
Economic Outlook and Summary July had a lot going on. Markets survived the French and UK elections, while escalating US election politics and Middle East tensions made traders very nervous....
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Economic Outlook and Summary July had a lot going on. Markets survived the French and UK elections, while escalating US election politics and Middle East tensions made traders very nervous....
Global equities attempting to bounce back from melt-down. Reserve Bank of Australia leaves rates unchanged, as expected. US dollar opens mixed after two-day rollercoaster ride. USDCAD: open 1.3845, overnight range...
Safe-haven demand weighing on Treasury yields while boost gold prices. US nonfarm payrolls forecast to rise 180,000 in July (previous 206,000). US dollar opens mixed, consolidating yesterday’s gains. USDCAD: open...
GBPUSD tumbles after BoE cuts rates. Fed keeps September rate cut hopes alive. US dollar rebounds from yesterday’s lows. USDCAD: open 1.3833, overnight range 1.3800-1.3836, close 1.3808, WTI $78.52, Gold,...
FOMC decision ahead BoJ hikes rates to 0.25% US dollar opens on mixed note as yen outperforms. USDCAD: open 1.3843, overnight range 1.3834-1.3859, close 1.3850, WTI $76.74, Gold, $2421.14...
Eurozone GDP surprises to the upside. USDJPY volatile into BoJ meeting (July 31) US dollar little changed except against JPY USDCAD: open 1.3843, overnight range 1.3838-1.3864, close 1.3855, WTI $75.78,...
Risk elevated due to Central Bank meetings this week. Canadian dollar probing strong support. US dollar trading with a modest bid. USDCAD: open 1.3831, overnight range 1.3816-1.3845, close 1.3838, WTI...
Canadian Dollar rises modestly July 26, 2024. Key US inflation data on tap. Global risk sentiment improves marginally. US dollar gives back some of this weeks gains. USDCAD: open 1.3815,...
Bank of Canada cuts 25 bps and suggests further cuts likely. Wave of risk aversion washes across global markets. US dollar opens higher on safe-haven demand. USDCAD: open 1.3837,...
Expect directionless markets due to light data. US dollar gains overnight but opens mixed compared to Monday. USDCAD: open 1.3765, overnight range 1.3752-1.3773, close 1.3758, WTI $78.58, Gold, $2406.89...
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