|Day's Range||1.335 - 1.343|
|52 Week Range||1.2542 - 1.3728|
Economic data comes back into focus today. The Eurozone’s private sector PMI numbers will indicate whether the slowdown was temporary or worsening…
CAD gained the upper hand on positive crude oil price. Investors now await macro data updates for directional cues.
Investing.com - The U.S dollar rose sharply against its rivals Thursday amid upbeat manufacturing data and a slump in sterling.
ADP to release February Canadian Employment Change number today. Trump says US tariffs may sustain for a certain period.
The Kiwi and Aussie Dollar find strong support in the wake of a more dovish than expected FED. Will be the BoE sink the Pound later today?
Investing.com - The U.S dollar fell after the Federal Reserve left rates unchanged and signalled rates could be close to neutral after downgrading its outlook on future rate hikes.
Crude oil bulls underpinned by positive crude oil price and weaker USD ahead of Fed forward guidance update and the pair is likely to trade range bound until the pair gets a clear directional bias.
Sterling recovers while Euro touches two-week high amidst uncertain Brexit. Major Currencies benefitted from the Greenback slump. Oil prices jump underpinned by latest OPEC news.
Investing.com – The U.S dollar drifted lower as the Federal Reserve kicked off its two-day meeting Tuesday, with many expecting the central bank to deliver a dovish outlook on monetary policy when the meeting ends on Wednesday.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, lost 0.1% to 95.895 as of 10:38 AM ET (14:38 GMT). The Fed is expected to keep rates unchanged at its latest policy meeting announcement on Wednesday, but the main driver will be its updated economic growth forecasts, known as the dot-plot. The U.S. Census Bureau said factory orders increased by a seasonally adjusted 0.1% in January, as American manufacturing has expanded despite worries of a global economic slowdown.
The RBA meeting minutes pinned back the Aussie Dollar early on, in spite of U.S Dollar weakness. Focus remains on Brexit and “the deal.”
Dubiousness Arise Over May’s winning in the third Meaningful vote; USDJPY settles neutral; Commodity-linked-CAD surge later the day
The pair saw two way price action on broad-based USD’s strength but remained well within Friday’s price range and is likely to continue range-bound price action ahead of US FOMC update.
Investing.com - The U.S dollar was flat against its rivals Monday as a wobble in sterling helped offset losses and data showing the U.S. housing market continued to stutter.
It’s risk-on through the early part of the day, which sees the Dollar on the defensive once more, A light economic calendar put the FOMC in focus.
A sharp fall in oil prices undermined Loonie and helped USD regain positive momentum ahead of US macro data updates.
Investing.com – The U.S. dollar fell against its rivals Friday and was set to post a weekly loss after anemic U.S data added to concerns of an economic slowdown.
Optimism on trade and the Brexit delay supported risk appetite early on. Economic data out of the U.S will need to be good to reverse early losses.
USD Regains strength ahead of American market hours as investor sentiment turned risk averse following Sino-U.S. trade deal related headlines and declining crude oil price in broad market.