USDCAD Forex News
Soft Inflation Data, Retail Sales Pull Down U.S. Dollar
The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, as consumer inflation data and retail sales came in lower than expected in April, strengthening expectations that the Federal Reserve will reduce interest rate in September.
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1 day ago
U.S. Dollar Falls, U.S. Inflation Report In Focus
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday, as traders await the release of key U.S. CPI data along with other reports on U.S. retail sales and homebuilder confidence which is likely to influence the U.S. Federal Reserve's near-term policy path.
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2 days ago
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday.
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2 days ago
U.S. Dollar Drops Following PPI Data, Powell's Comments
The U.S. dollar declined against its major counterparts in the New York session on Tuesday, following the release of producer inflation data for April and Federal Reserve Chairman Jerome Powell's speech at a banking event in Amsterdam.
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2 days ago
U.S. Dollar Rises Ahead Of Inflation Data
The U.S. dollar was higher against its major counterparts in the New York session on Friday, as investors awaited the release of U.S. inflation data for April next week, which will guide the outlook for Fed rate cuts.
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6 days ago
U.S. Dollar Declines Amid Higher Jobless Claims
The U.S. dollar fell against its major counterparts in the New York session on Thursday, as weekly jobless claims rose more than expected last week, the highest level since August 2023.
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7 days ago
U.S. Dollar Weakens Against Most Majors
The U.S. dollar lost ground against its most major counterparts in the New York session on Wednesday.
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8 days ago
Canadian Dollar Firms Against Majors
The Canadian dollar strengthened against its major counterparts in the New York session on Wednesday.
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8 days ago
Australian Dollar Falls Amid Risk Aversion
The Australian dollar weakened against other major currencies in the Asian session on Wednesday amid risk aversion, as traders largely refrained from making significant moves after hawkish comments from a few U.S. Fed officials again raised concerns about the outlook for interest rates.
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9 days ago
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Wednesday.
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9 days ago