Blogs

The Canadian Dollar (CAD) has paused near the top end of the week’s chart action as market participants digest updated comments from Federal Reserve (Fed) officials strongly suggesting that market expectations may have run far ahead of the Fed’s expectations of rate cuts in 2024.

United States Baker Hughes US Oil Rig Count fell from previous 503 to 501

The US Dollar (USD), measured by the DXY index, is trading at 102.40, posting daily gains but marking its worst weekly performance in over a month.

Bank of Canada Governor Tiff Macklem said on Friday that once the central bank “is assured that we are clearly on a path back to price stability, we will be considering whether and when we can lower our policy interest rate.” Speaking at the Canadian Club Toronto, in his final speech of the year, Macklem […]

The USD/CHF is drifting back towards the 0.8700 handle on Friday after a tense week that saw the Swiss Franc (CHF) gain another one and a quarter percent on the US Dollar (USD) from Monday's opening bids.

GBP/USD remains capped below 1.2800 following mixed UK data The Sterling bounced higher following the release of the UK S&P Global/CIPS PMI figures on Friday although it remains unable to find a meaningful acceptance in the 1.2800 area.

In the last full week of 2023, volume will likely start to fade ahead of the holidays.

GBP/USD falls in the mid-North American session after reaching a four-month high of 1.2793, losing 0.43%, slipping below the 1.2700 figure.

In Friday's session, the AUD/USD has seen a modest upside, trading at roughly 0.6715.

Economists at Nomura analyze the highlights of Thursday’s Swiss National Bank meeting and its implications for the Franc.