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USD/CAD rebounds as weak Canadian Retail Sales and firmer USD weigh on Loonie
USD/CAD recovers from intraday lows on Friday as softer-than-expected Canadian Retail Sales data weighs on the Canadian Dollar (CAD), while a rebound in the US Dollar (USD) provides additional support to the pair.
Fxstreet
Fri, Mar 20
USDCAD: Range holds as CAD outperforms – Scotiabank
Scotiabank’s Analyst Team notes the Canadian Dollar is modestly firmer versus the Dollar and leading G10 peers, echoing its earlier conflict-phase outperformance. They highlight narrowing yield spreads and a relatively muted Bank of Canada meeting as key drivers.Fxstreet
Fri, Mar 20
USD/JPY rebounds as US Dollar strengthens, BoJ hawkishness tempers upside potential
USD/JPY trades around 158.70 on Friday at the time of writing, up 0.61% on the day, staging a clear rebound after Thursday’s sharp decline. The move comes as the US Dollar (USD) regains traction following a bout of volatility, with markets reassessing the outlook for US monetary policy.
Fxstreet
Fri, Mar 20
EUR/USD: Conflict keeps downside risks in play – MUFG
According to MUFG’s Derek Halpenny, the ECB’s communication and achievement of its price stability goal leave it in a relatively better position than the BoE, but he is sceptical that higher front-end Euro yields will sustain Euro strength.Fxstreet
Fri, Mar 20
EUR/USD: April hike risk supports Euro – ING
ING’s Francesco Pesole highlights that the ECB’s cautious tone masks a hawkish shift, with officials reportedly considering an April rate hike if inflation overshoots. Markets now price earlier tightening and higher odds of back-to-back moves.Fxstreet
Fri, Mar 20
AUD/USD Price Forecast: Posts modest gain to near 0.7100, neutral RSI signals consolidation
The AUD/USD pair trades with mild gains around 0.7090 during the early European session on Friday. The Australian Dollar (AUD) edges higher against the Greenback, following the hawkish stance from the Reserve Bank of Australia (RBA).
Fxstreet
Fri, Mar 20
EUR/GBP declines below 0.8650 as BoE and ECB hold rates amid geopolitical uncertainty
The EUR/GBP cross loses traction to near 0.8620 during the early European session on Friday. The Pound Sterling (GBP) edges higher against the Euro (EUR) after monetary policy decisions from both the Bank of England (BoE) and the European Central Bank (ECB).Fxstreet
Fri, Mar 20
GBP/USD Price Forecast: 38.2% Fibo retracement acts as key barrier near 1.3470
The GBP/USD pair trades 0.2% lower to near 1.3400 during the late Asian trading session on Friday. The Cable faces selling pressure as the US Dollar Index (DXY) rebounds after an over-a-percent decline the previous day.Fxstreet
Fri, Mar 20
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