Western Union:USD/CAD tipped below C$1.24 in overnight trade, its weakest level since late February. This is a great level to share with Canadian importers who have been saddled with higher costs due to broad based U.S. …
USD/CAD tipped below C$1.24 in overnight trade, its weakest level since late February. This is a great level to share with Canadian importers who have been saddled with higher costs due to broad based U.S. dollar strength.
The loonie could return to the hot seat as soon as Friday if Canada should let loose another disappointing employment report which would increase the risk of another Bank of Canada interest rate cut. A lousy jobs report could see dollar/Canada move in the direction of recent six-year highs around C$1.28.
Forecasts call for zero job growth in March which would be an improvement from the loss of 1,000 jobs in February. Unemployment is expected to remain at 6.8 percent.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
