The USD/CAD pared back above 1.3260 after plunging to a fresh 19-week low on Friday as markets continue to price in an accelerated pace of rate cuts from the Federal Reserve (Fed) in 2024 as US inflation continues to ease faster than initially expected.
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Forex Today: Dollar struggles ahead of an unusual week
Holiday-thinned trading, a shortened week, and a light economic calendar point to abnormal price action in the last days of 2023.
Canada: Evidence of weakness in demand – CIBC
Economists at CIBC analysed growth data from Canada released on Friday.
EUR/USD slips back from 1.1040 as markets pare back Greenback shorts
The EUR/USD climbed into an 18-week high at 1.1040 before slipping back towards 1.1000 as markets wind up operations before heading into the holiday break.
United States Baker Hughes US Oil Rig Count dipped from previous 501 to 498
United States Baker Hughes US Oil Rig Count dipped from previous 501 to 498
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Revolutionizing Forex: The Profound Impact of Autonomous Vehicle Technology on Forex Markets
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drinks firms push bottled cocktails for the holidays By Reuters
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White House says it’s monitoring Red Sea attacks; not seeing big impact on holiday products By Reuters
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