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USD/CAD test support in low 1.33s. Economists at Scotiabank analyze the pair’s outlook.

The USD/JPY pair corrects to near 143.50 amid expectations that the Federal Reserve (Fed) will start lowering borrowing interest rates earlier than projected by policymakers.

GBP/USD is the big mover today, trading lower near 1.2650. Economists at Scotiabank analyze the pair’s outlook.

Oil prices are jumping higher throughout the week as Red Sea attacks fuel fears of disrupted supply chains. On Monday, a vessel was attacked by missiles coming from Houthi rebels, making the passage in the Red Sea to the Suez Canal unsafe as a

USD/CAD has declined toward the 1.33 level. Economists at Scotiabank analyze the pair’s outlook.

The US Dollar trades mixed ahead of more US housing data. Markets are not fleeing to safe havens on the back of Red Sea geopolitical tensions.

The New Zealand dollar reaches overbought levels after an 8-day rally.

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