FX

Canadian Dollar stretched into a third day of gains against the Greenback. Canada is absent from the economic calendar on Thursday. US markets are also shuttered for the holiday, leaving a lull in market volume. The Canadian Dollar (CAD) rose into a third consecutive day of gains against the US Dollar as Thursday markets grind
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Canadian Dollar climbs a third of a percent against Greenback after sour data patch. Canada economic data remains thin until Friday’s labor figures. US data broadly softens, propping up rate cut hopes. The Canadian Dollar (CAD) gave a shaky performance on Wednesday. The Loonie was mixed against a basket of major currencies but notably climbed
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Silver drifts lower during the Asian session on Tuesday and snaps a three-day winning streak. The mixed technical setup warrants some caution before placing aggressive directional bets. A sustained strength beyond the $30.00 mark is needed to negate any near-term negative bias. Silver (XAG/USD) struggles to capitalize on its modest gains registered over the past
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In the first half of 2024, the global financial landscape witnessed an increase in the momentum of dedollarisation. The movement is driven by various geopolitical, economic, and strategic factors by countries seeking to diversify their currency holdings and reduce vulnerability to the US monetary policy and financial and economic sanctions, DBS macro analysts Philip Wee
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The Japanese Yen hovers around its 38-year low of 161.28. The JPY may limit its downside due to possible intervention by Japanese authorities. The US Dollar struggles as recent inflation data raise expectations of Fed rate cuts in 2024. The Japanese Yen (JPY) remains tepid on Monday near its lowest level of 161.28 since 1986.
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US Dollar saw a slight dip at the end of the week, clearing daily gains. US Dollar finds support amid high US Treasury yields. May’s PCE data showed an unexpected deceleration in US inflation. The end of the week saw the US Dollar, as benchmarked by the DXY Index, settle near 105.80, after hitting a
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USD/CAD trades flat at around 1.3700 after a big data day for the pair.  Canadian GDP showed a 0.3% rise in April suggesting a strong economy.  US PCE inflation data, the Fed’s preferred gauge, meanwhile, showed progress towards the Fed’s 2.0% target. USD/CAD trades flat at around 1.3700 on Friday after the release of Canadian
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The Japanese Yen trades above 160.50 against the US Dollar. Traders are testing the Japanese government, which might not take action until Friday.  The US Dollar Index pops higher after some hawkish Fed comments.  The Japanese Yen (JPY) is retreating further and faces over 5% devaluation against the US Dollar since the Japanese government’s latest
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