The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.
Tag - cad - canadian dollar
ADP, US GDP, Chicago PMI and Canadian GDP – all numbers exceeded expectations. Which currency will outperform? Let’s try to find out.
The pound has slumped against other major currencies amid fears over the no-Brexit deal. More details have recently come out over EU-UK tensions. Let’s get into them straight away.
US final GDP for 2Q -31.4%% vs -31.7% estimate
The mix of economic reports from Canada and the USA will have a huge impact on the pair! Get ready with us!
Three centra banks will set the market in motion this week. The USD is under pressure after the weaker-than-expected NFP. ETH/USD is testing highs.
The US dollar keeps dipping further, while riskier assets are rising as investors await the FOMC meeting at 21:00 MT time.
The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
Follow Canadian core retail sales on September 18 at 15:30 MT time!
Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.
US inflation & ECB statement are the most awaited events of the week ahead! How will markets react?
Latest Forex news and fresh technical analysis! Watch the video to get trade ideas for EUR/USD, GBP/USD, USD/CAD, and XAU/USD!